As practiced by book publishers, versioning involves first selling the hardcover edition of a book and then switching to a paperback edition to sell additional copies. As such, this is an application of second-degree price discrimination
Indicate whether the statement is true or false
FALSE
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An example of the outlet substitution bias in the calculation of the CPI is a price increase in
A) a trip to Mexico for a couple that had previously taken vacations in Europe. B) a 2014 Honda Civic relative to a 2004 Honda Civic. C) GPS units versus AAA map books. D) textbooks bought through the campus bookstore relative to textbooks via Craigslist. E) olive oil versus vegetable oil.
According to your authors, the "boom-bust" cycle is primarily caused by
A) government tax and spend policies. B) an artificial lowering of interest rates through expansionary monetary policy. C) waves of irrational optimism and pessimism in the business community. D) a clash of interests among capitalists and laborers.
The European Union has prosecuted cases against which American firms for violations of their antitrust laws?
A. Apple and Google B. Kraft and Kellogg C. GM and Ford D. Sirius and XM Radio
If GDP included the value of leisure time, the value of U.S. GDP would most likely increase.
Answer the following statement true (T) or false (F)