Many college basketball programs require alumni to join a booster club before they can buy season tickets. This is an example of
A. a two-part tariff.
B. block pricing.
C. first-degree price discrimination.
D. cost-plus pricing
Answer: A
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The lure of ____ directs resources to optimally efficient activities and time periods
a. future consumption b. present consumption c. market share growth d. profits
If rational expectations are assumed, inflation can be reduced with no corresponding increase in unemployment
a. True b. False Indicate whether the statement is true or false
Microeconomics is the branch of economics that deals with
A) highly aggregated markets or the entire economy. B) the production side of the economy, exclusively. C) the buying side of the economy, exclusively. D) human behavior and choices as they relate to relatively small units --- an individual, a firm, an industry.
Which of the following is the primary source of high earnings in a market economy?
What will be an ideal response?