Senior citizens can buy movie tickets at a lower price than the general public. This is an example of
A) age discrimination.
B) demand discrimination.
C) price discrimination.
D) price differentiation.
Answer: C
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Ethiopia provides a counterexample to the claim
A) central economic planning doesn't work well. B) nations are poor because they are subject to exploitation by nations with superior military power. C) a nation can move to the ranks of the wealthiest in the world with few natural resources. D) the rule of law is necessary for economic growth.
Managers of profit centers earn more when their divisions
a. increase their sales and decrease their costs b. decrease their sales and increase their costs c. increase the costs of the components for which they are responsible d. None
According to economists, changes in the quality of goods
a. leads to overestimates of the measured value of GDP because these goods last for shorter amounts of time b. leads to underestimates of the measured value of GDP because these goods last for shorter amounts of time c. leads to overestimates of the measured value of GDP because these goods last for longer amounts of time d. have no effect on the measured value of GDP e. leads to underestimates of the measured value of GDP because these goods last for longer amounts of time
The major categories of federal government spending are
a. health care, national defense, Social Security, and other income transfers. b. law enforcement, environmental protection, and national defense. c. public education, garbage collection, and public parks. d. health care, public education, and highways.