Second-degree price discrimination occurs when:
A) each consumer is charged exactly their willingness to pay.
B) different groups of consumers are charged different prices.
C) consumers are charged different prices at different points of time.
D) consumers are charged different prices based on characteristics of their purchase.
D
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From the 1990s to the present, the U.S. current account balance has had a ________, and the U.S. capital and financial account balance has had ________
A) deficit; a deficit B) deficit; a surplus C) surplus; a deficit D) deficit; neither a deficit nor a surplus E) surplus; a surplus
Under what circumstances might it be "rational" to rely on adaptive expectations?
What will be an ideal response?
If it is a cultural norm to practice an afternoon "siesta" (nap), it is likely that the labor:
A. demand in that culture would be relatively greater at any wage. B. demand in that culture would be relatively lower at any wage. C. supply in that culture would be relatively greater at any wage. D. supply in that culture would be relatively lower at any wage.
Development assistance is designed to encourage a developing country to
a. increase consumer goods today. b. restrict the inflow of foreign direct investment. c. invest in its capital stock. d. reduce labor productivity.