A shoe-store having a BOGO (buy one get one free) sale is what type of price discrimination?
A. First-degree price discrimination.
B. Second-degree price discrimination.
C. Third-degree price discrimination.
D. It is not price discrimination.
Answer: B
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A worldwide system of fixed exchange rates was organized and maintained under the International Monetary Fund
A) in the three decades before World War I. B) in the years between the world wars. C) from the end of World War II until the early 1970s. D) from the early 1960s to the late 1980s.
Suppose that there is concern about the stability of the global financial system causing a flight to the safety of U.S. government bonds. Which of the following is NOT a likely consequence?
A) higher price of U.S. government bonds B) lower interest rate on U.S. government bonds C) increased demand for U.S. government bonds D) reduced supply of U.S. government bonds
An auction is an example of a coordination mechanism.
Answer the following statement true (T) or false (F)
A firm ________ in the short-run has an incentive to expand its long-run scale of operation.
A. earning positive profits B. that shuts down C. breaking even D. making a loss