Universities tend to set tuition high and then, through financial aid, effectively charge each student a different price for education. Financial aid statements allow the university to determine the student's financial status and set an appropriate price to charge the student. This situation is an example of
a. first-degree price discrimination.
b. second-degree price discrimination.
c. third-degree price discrimination.
d. a two-part tariff.
a. first-degree price discrimination.
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Private disposable income is equal to
A) Y + TR + INT - T. B) Y + NFP + TR + INT - T. C) Y - TR - INT + T. D) Y + CA - G.
Explain why a government would impose an import tariff when domestic consumers suffer more than producers gain
What will be an ideal response?
Two main reasons that the deficit may increase are:
A. decreases in tax revenues and government spending. B. decreases in tax revenues and an increase in government spending. C. increases in household spending and decreases in firm spending. D. changes in interest rates and unemployment.
The goal of the consumer in a market economy is to use his or her limited income to buy
A. The goods and services that maximize profits for businesses. B. The greatest number of goods and services possible. C. The set of goods and services that maximizes the consumer's total utility. D. Those goods and services with the lowest prices.