Firms whose central business is providing individual account shares of a group of stocks, bonds, or both are known as:
A. insurance companies.
B. thrifts.
C. commercial banks.
D. mutual funds companies.
D. mutual funds companies.
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The difference between the value of a country's merchandise exports and merchandise imports is known as the balance
a. of payments. b. of merchandise trade. c. on current account. d. on capital account.
When a hotel charges a much higher price for their luxury suites than their deluxe rooms, is this price discrimination?
A. No. These are two different goods/services. B. Yes., as long as the price per square foot is the same. C. Yes, as long as they are booked online. D. Yes, as long as they offer both rooms to the same customer.
Recall the Application about price discrimination using refillable soda bottles to answer the following question(s).According to the Application, allowing stores to give discounts to patrons who use refillable soda bottles benefits:
A. both the stores and the consumers. B. the stores only. C. consumers only. D. neither the stores nor the consumers.
Maximum Feasible Hourly Production Rates (in Tons) of EitherWine or Beef Using All Available ResourcesProductArgentinaFranceWine (gallons)3060Beef (pounds)1030Use the above table. Assuming constant opportunity costs, the opportunity cost of producing a gallon of wine in Argentina is
A. 0.33 pound of beef. B. 0.5 pound of beef. C. 2 pounds of beef. D. 3 pounds of beef.