In labor economics, the term "customer discrimination" refers to a situation where customers are charged different prices for services rendered by a firm
Indicate whether the statement is true or false
FALSE
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Which of the following statements is correct?
A) New classicals believe that the aggregate supply curve is vertical in the short run. B) New Keynesians believe that the aggregate supply curve is vertical in the short run. C) New Keynesians believe that the aggregate supply curve slopes upward in the long run. D) New classicals believe that the aggregate supply curve slopes upward in the short run.
Property rights uncertainty will usually cause
a. lower levels of investment spending. b. lower levels of real interest rates. c. higher levels of investment spending. d. higher levels of real interest rates.
Which of the following is a correct statement about production possibilities frontiers?
a. An economy can produce only on the production possibilities frontier. b. An economy can produce at any point inside or outside a production possibilities frontier. c. An economy can produce at any point on or inside the production possibilities frontier, but not outside the frontier. d. An economy can produce at any point inside the production possibilities frontier, but not on or outside the frontier.
Which of the following examples shows a surplus?
a. At $15,000 per automobile, a company produces 1,000 automobiles and has a demand for 3 more. b. At $15,000 per automobile, a company produces 1,000 automobiles and has a demand for 400 more. c. At $15,000 per automobile, a company produces 1,000 automobiles and sells 1,000. d. At $15,000 per automobile, a company produces 1,000 automobiles and sells 700.