A unit tax is
A. levied at different rates on the purchase of different commodities.
B. less than 0.
C. a percentage of the value of the purchase.
D. a given amount for each unit purchased.
D. a given amount for each unit purchased.
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In two-part pricing
A) consumers pay a lump-sum for all the goods purchased. B) the consumer must pay a lump sum if he buys more than a certain number of units of a good. C) a firm charges more for units purchased on the weekend than for those purchased during the week. D) the average price paid per unit is higher with a small number of units purchased than if a large number of units is purchased.
When the consumer spends a large portion of her income on a good, demand will be
A) elastic. B) unit-elastic. C) inelastic. D) elastic, unit-elastic or inelastic depending upon supply.
The Federal Trade Commission is charged with:
a. supervising cartels in the United States. b. aiding small business in contract negotiations with foreign companies. c. investigating unfair and deceptive trade practices. d. approving contracts between businesses and government. e. bringing criminal complaints.
In many communities across the country it is very difficult for firms to hire sufficient numbers of entry level workers. If firms do not wish to raise money wages, what else might they do to attract workers?