Which of the following is clearly being sold below cost?
A) 2-for-the-price-of-one theatre tickets
B) Senior-citizens discounts on meals at the local diner
C) The free software included in the purchase of a new personal computer
D) The magazine subscription offering 30% off the regular newsstand price
E) None of the above.
E
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All of the following are instruments of fiscal policy except
A) rebate on payroll taxes. B) education tax credits. C) unemployment insurance benefits. D) an interest rate cut.
In the long run an oligopoly:
A. Will produce less than a monopoly B. May be able to earn positive economic profits C. Will always produce in the range of decreasing returns to scale D. Will produce on the portion of the demand curve where demand is price-inelastic
The money demand curve slopes _____
Fill in the blank(s) with the appropriate word(s).
Which is the best example of an intangible good?
A) the car you dream of owning but cannot afford B) the suit you hope will make a good impression when you go on job interviews C) the textbook study guide you hope will prepare you to perform well on examinations D) the advice and expertise provided by the music store clerk who sold you that CD