Third-degree price discrimination refers to situation in which:
A) a firm charges different prices for different blocks of output.
B) a firm separates markets according to the price elasticity of demand.
C) a firm is able to charge the maximum price consumers are willing to pay for each unit of output.
D) a firm divides a market into thirds and charges each segment a different price.
B
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The above table gives data for the nation of Sueland. What is the private sector balance?
A) $11 billion B) -$11 billion C) -$43 billion D) $43 billion
Which of the following is poorest country?
A) Canada B) Mexico C) Haiti D) New Orleans
Comparing the US to other countries ranked by inequality,
a. the US has a less equal distribution of income than some countries, but a more equal distribution of income than others. b. the US has one of the most equal distributions of income. c. the US has one of the least equal distributions of income. d. the US has a more equal distribution of income than other economically advanced countries such as Japan, Germany, and France.
Imposing a unit excise tax on the final sale of a good or service can be displayed graphically as
A. a vertical shift downward of the demand curve. B. a vertical shift upward of the demand curve. C. a vertical shift upward of the supply curve. D. a vertical shift downward of the supply curve.