Which of the following is NOT an example of price? discrimination?
A. Student discount at a local movie theater.
B. Pharmaceutical companies charge customers living in wealthier countries higher prices than for identical drugs in poorer nations.
C. A hard cover book selling for more than the same book in electronic form.
D. Breakfast cereal makers sending coupons to select buyers.
Ans: C. A Hard cover book selling for more than the same book in electronic form.
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The demand for loanable funds curve shows the ________ relationship between the market interest rate and the quantity of loans demanded
a. positive b. negative c. direct d. independent
The data in the table show the marginal costs and marginal benefits to a city for five different levels of pollution control.Quantity of Pollution AbatementMarginal CostMarginal Benefit900 tons$400,000$100,000800 tons300,000150,000700 tons200,000200,000600 tons100,000250,000500 tons50,000300,000Refer to the above table. What would cause the optimal level of pollution abatement to be 600 tons?
A. An increase in marginal benefits by $200,000 at each level. B. An increase in marginal costs by $150,000 at each level. C. A decrease in marginal costs by $150,000 at each level. D. A decrease in marginal benefits by $100,000 at each level.
The stored value of money over time should not change significantly as long as the level of inflation is:
A. high. B. low. C. adjusted by the government. D. less than your pay increases.
U.S. exports are:
A. U.S. goods sold to foreigners. B. Foreign goods bought by Americans. C. U.S. goods sold to Americans. D. Foreign and U.S. goods sold to foreigners, but consumed in the U.S.