Within the United States, every city has:
A. a fixed exchange rate with every other city.
B. their own currency board.
C. an independent monetary policy.
D. a floating exchange rate with every other city.
Answer: A
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For a ________, increasing the equilibrium ________ in the retail market is the key to successful use of resale price maintenance.
A) distributor; quantity sold B) manufacturer; quantity sold C) manufacturer; price D) retailer; quantity sold
Expected value is:
A. the sum of all probabilities of all possible outcomes of a future event occurring. B. the average probability of all possible outcomes of a future event occurring, weighted by each possible outcome individually. C. the average of each possible outcome of a future event, weighted by its probability of occurring. D. None of these statements is true.
A Broadway theater sells weekday show tickets at a lower price than for a weekend show. This is an example of:
A. peak-load pricing. B. price discrimination. C. price discrimination or peak-load pricing. D. None of the statements is correct.