A firm practicing direct price discrimination will charge lower prices to
a. Consumers with an elastic demand
b. All consumers
c. Consumers known to have an inelastic demand
d. Consumers known to have a unitary elastic demand
a
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Which of the following statements is correct?
A) The depth and the length of all business cycles are identical. B) The depth and the length of all business cycles are different. C) Business cycles are caused by seasonal unemployment changes. D) Business cycles are caused by unanticipated inflation.
A college student decides to spend the afternoon watching three movies rented from Red Box. The cost of each movie is $1. The student was willing to pay $4 to rent each of the first two movies and $2 to rent the third movie. What was the marginal benefit received by the student when renting the 3rd movie?
A. $1 B. $8 C. $4 D. $2
The delay between the time at which a problem is recognized and the time at which a policy to deal with it is enacted is called
A) the impact lag. B) the implementation lag. C) the government lag. D) the recognition lag.
Between 1998 and 2001 the federal budget
A. was in balance. B. was running steadily declining deficits. C. was running surpluses. D. ran deficits the first two year that turned into surpluses the last two years.