Which of the following is NOT a necessary condition for price discrimination?
A) preventing resale of the product
B) downward sloping demand curve
C) separating markets for the good
D) having a constant marginal cost
Answer: D
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Some politicians argue that reducing the corporate income tax will increase business investment spending.
Answer the following statement true (T) or false (F)
International economics ________ use the same fundamental methods of analysis as other branches of economics, because ________
A) does not, the level of complexity of international issues is unique B) does not, the interactions associated with international economic relations is highly mathematical C) does not, international economics takes a different perspective on economic issues D) does not, international economic policy requires cooperation with other countries E) does, the motives and behavior of individuals are the same in international trade as they are in domestic transactions
For advanced nations, the average annual rate of growth of real per capital GDP
A. has shown random patterns since 1981. B. was lower during the 1981-1999 period than during the 2000-2020 period. C. was roughly the same between the 1981-1999 period and the 2000-2020 period. D. was higher during the 1981-1999 period than during the 2000-2020 period.
If the tradeoff between the two goods is constant, the production possibilities curve is
A) a negatively-sloped straight line. B) a positively-sloped straight line. C) a negatively-sloped curve which is bowed inward. D) a negatively-sloped curve which is bowed outward.