Tying is always profitable for a monopoly
a. True
b. False
Indicate whether the statement is true or false
False
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In principle, socialism is:
A. more concerned about fairness than capitalism. B. less concerned about fairness than capitalism. C. just as concerned about fairness as capitalism. D. not concerned about fairness at all.
The appreciation of the dollar will make U.S. goods ________ to foreigners and make imports ________ for U.S. residents.
A. more expensive; more expensive B. cheaper; cheaper C. more expensive; cheaper D. cheaper; more expensive
Price elasticity of demand basically measures
A) the reliability of a product. B) the responsiveness of consumers to price changes. C) the variability of price changes. D) the percentage change in market price as a result of a change in demand.
________: the general price level is rising even though the economy is nowhere near full employment output
Fill in the blank(s) with correct word