Buying in bulk to save money is an example of ________.
A. elastic demand
B. consumer surplus
C. price gouging
D. block pricing
Answer: D
You might also like to view...
The answer is: "There is a net loss to society." What is the question?
A) What causes the distributional effects to outweigh the aggregate effects? B) What is an effect of a reduction in producers' surplus? C) What is an effect of consumers' surplus? D) What is the effect of a tariff instead of a quota? E) none of the above
Since 2000, developing countries received large net capital inflows in the form of
A. official loans from foreign governments and the International Monetary Fund (IMF). B. debt service. C. foreign direct investments. D. short-term lending.
Who receives the most of what is produced in a market economy?
A) lawmakers and other politically favored groups B) those who are most willing and able to buy them C) everyone receives an equal amount D) people who earn the highest incomes
A disadvantage of chain-weighting is that
A. it causes output growth to slow. B. past growth rates of real GDP change whenever the base year changes. C. the components of real GDP don't sum to real GDP. D. past inflation rates change whenever the base year changes.