Mr. Shades Sunglasses promotes its 'buy one, get one half price' offer in which customers who purchase one pair of sunglasses can purchase a second pair at half price. This is an example of ________ and is ________.
A) price discrimination; always illegal per se
B) conditional sales; always illegal per se
C) price discrimination; only illegal if the practice substantially lessens competition or tends to create a monopoly
D) conditional sales; only illegal if the practice substantially lessens competition or tends to create a monopoly
C) price discrimination; only illegal if the practice substantially lessens competition or tends to create a monopoly
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The African agrarian system is characterized by
(a) absentee landlords. (b) a dual agrarian system known as latifundio-minifundio. (c) land fragmentation. (d) shifting cultivation.
Diseconomies of scale are present when the long run average total cost of production declines as output expands
a. True b. False Indicate whether the statement is true or false
Which of the following groups of countries were members of NAFTA?
A. Japan, Canada, and Mexico B. the United States, Japan, and Mexico C. the United States, France, and Germany D. the United States, Canada, and Mexico
In Spain, people are considered organ donors unless the explicitly indicate they do not want to be. In the United States, people are only considered organ donors if they explicitly indicate they wish to be. Behavioral economics would suggest that
A) everything else equal, the opt-in system of Spain would generate more organ donors as a percentage of the adult population. B) everything else equal, the opt-in system of the United States would generate more organ donors as a percentage of the adult population. C) everything else equal, the opt-out system of Spain would generate more organ donors as a percentage of the adult population. D) everything else equal, the opt-out system of the United States would generate more organ donors as a percentage of the adult population.