Price discrimination is:
A. the practice of charging customers different prices for the same good.
B. the practice of charging customers the same price for a variety of similar goods.
C. choosing which prices to charge for certain items.
D. the process of customers choosing items based on price.
A. the practice of charging customers different prices for the same good.
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From 1970 to 2010, as a fraction of GDP, the quantity of money that people and businesses have held has been
A) independent of people's use of credit cards. B) increasing. C) decreasing. D) fluctuating erratically. E) changing only as the interest rate changed.
When real GDP is below natural real GDP, the unemployment rate is
A) rising. B) above the average unemployment rate. C) falling. D) below the average unemployment rate.
One problem with employer mandated health insurance is _____
a. it increases the cost of hiring employees b. it makes it difficult to employ highly-skilled individuals c. it provides universal coverage d. it creates moral hazard
If the price of contact lenses doubles,
A. quantity supplied will rise. B. quantity supplied will fall. C. supply will rise. D. supply will fall.