The term "predatory pricing" is usually used by people who are objecting to
A) extremely unpredictable prices.
B) low prices.
C) prices unrelated to costs of production.
D) speculative pricing policies.
E) very high prices.
B
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An inward shift of the demand curve for a product causes outward shifts in the demand curves for all the factors used to produce the product.
Answer the following statement true (T) or false (F)
David consumes 200 in the current period and 330 in the future period. The real interest rate is 10% per period. David's present value of lifetime consumption is
A. 563. B. 500. C. 550. D. 530.
The food processing industry in Richland accounts for 20% of its GDP
Which of the following will happen if firms in this industry become pessimistic about the future demand for their products? Assume that consumption and government expenditure remains unchanged. A) Richland's unemployment rate will fall. B) Richland's interest rate will increase. C) Richland's inflation rate will increase. D) Richland's GDP will fall.
Fractional reserve banking refers to a system in which the depository institution
A. holds reserves greater than its deposits. B. holds reserves equal to its deposits. C. holds reserves less than its deposits. D. holds zero reserves.