An export is any good that is:
A) rationed and licensed by the government.
B) produced and consumed domestically.
C) produced by public-sector firms.
D) produced domestically, but sold abroad.
D
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Many firms use odd pricing—charging prices such as $.99 instead of $1.00 and $9.99 instead of $10.00
One reason for this pricing strategy is that consumers will somehow believe that the difference in price appears to be greater than it actually is. Researchers conducted consumer surveys to determine whether this is actually the case. What was the result of these surveys? A) The survey results were inconclusive because most consumers gave unreliable responses to the survey questions. B) Although the results were not conclusive, there is some evidence that odd pricing makes economic sense. C) The surveys found indifference regarding this strategy among most consumers, but hostility among other consumers. The latter group resented what they viewed as an attempt to fool them into buying products with odd prices. Researchers concluded that odd pricing is counterproductive. D) The surveys found that small differences in price cause small differences in quantity demanded. There is no evidence that odd pricing makes economic sense.
In economic analysis, the optimal level of pollution
A) is always zero. B) arises at the point at which the marginal benefit from further reduction equals the marginal cost of further reduction. C) occurs at the point at which demand crosses the private cost supply curve. D) should be determined by the private market without any government intervention.
During the period _____, the short-run Phillips curve for the United States was farthest from the origin
a. 1960 to 1964 b. 1964 to 1969 c. 1970 to 1973 d. 1974 to 1983 e. 1984 to 1989
Read Eye on the Benefit and Cost of School on p. 15 and explain why both you and Clayton Kershaw made the right decision
What will be an ideal response?