Price discrimination can increase both the monopolist's profits and society's welfare
a. True
b. False
Indicate whether the statement is true or false
True
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The money supply will decrease if
A) either the monetary base or the money multiplier increases in value. B) either the monetary base or the money multiplier decreases in value. C) either the monetary base increases in value or the money multiplier decreases in value. D) either the monetary base decreases in value or the money multiplier increases in value.
In-kind wages are not included in GDP
a. True b. False Indicate whether the statement is true or false
The U.S. Postal Service engages in price discrimination
a. True b. False Indicate whether the statement is true or false
How do you know that firms benefit society?
A. Entrepreneurs start businesses. B. Customers voluntarily pay for their products. C. Firms pay taxes and employ people. D. Firms earn profits and produce goods.