Unlike markup pricing, the strategy of price discrimination is totally independent of the price elasticity of demand for the good in question
Indicate whether the statement is true or false
FALSE
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The ________ rate is the interest rate at which the Fed lends ________ to depository institutions
A) discount rate; reserves B) discount rate; gold C) federal funds rate; deposits D) federal funds rate; reserves
Explain how the decision by parents to not immunize their children, hoping that their children will not get sick because other parents have had their children immunized, is an example of free riding. How is this behavior dangerous to the public?
What will be an ideal response?
Which of the following would decrease the value of money?
a. Money demand exceeds money supply b. The Federal Reserve sells government bonds c. The velocity of money decreases d. The price level decreases
Explain how exporting corn may be beneficial to the domestic economy.
What will be an ideal response?