A popular shoe company has a 'buy one, get one half price' offer in which customers who purchase one pair of shoes can purchase a second pair at half price. This is an example of ________ and is ________.
A) price discrimination; only illegal if the practice substantially lessens competition or tends to create a monopoly
B) conditional sales; only illegal if the practice substantially lessens competition or tends to create a monopoly
C) price discrimination; always illegal per se
D) conditional sales; always illegal per se
A) price discrimination; only illegal if the practice substantially lessens competition or tends to create a monopoly
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A fall in the discount rate will usually encourage banks to borrow from the Fed and therefore reduce the money supply
a. True b. False Indicate whether the statement is true or false
Which diagram in Figure 9.4 shows what happens to investment if the government decides to make housing cheaper by lowering interest rates?
Which diagram in Figure 9.4 shows how investment responds to the expectation that the economy is about to go into a period of fast growth, causing firms to expect increased sales?
A. A. B. B. C. C. D. D.
Refer to Scenario 14-1. M2 in this simple economy equals
A) $3,000. B) $8,000. C) $14,000. D) $21,000.
Olga owns her own business. Sven is an unpaid worker in his family's business. Who is included in the Bureau of Labor Statistics' "employed" category?
a. only Olga b. only Sven c. both Olga and Sven d. neither Olga nor Sven