Which of the following would not be considered price discrimination?
A. charging more money for long distance calls during business hours than on weekends
B. giving students a discount on ski lift tickets
C. charging higher rates for oil delivery to people who live farther from your business
D. charging less money to wash a large luxury car than a small economy car
Answer: C
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Suppose the actual equilibrium federal funds rate is above the rate implied by a particular inflation goal. In this situation, the Taylor rule implies that
A) monetary policy is contractionary. B) monetary policy is expansionary. C) fiscal policy is expansionary. D) fiscal policy is contractionary.
In the foreign exchange market, an increase in the world demand for U.S. exports shifts the
A) demand curve for U.S. dollars rightward. B) demand curve for U.S. dollars leftward. C) supply curve for U.S. dollars leftward. D) supply curve for U.S. dollars rightward.
The principle of diminishing marginal utility means that as you eat fewer slices of pizza, your total utility from pizza will ________ and your marginal utility from each additional slice of pizza will ________
A) increase; decrease B) decrease; increase C) increase; increase D) decrease; decrease
The writings of the 18th century economist _____________ greatly influenced Constitutional provisions regarding private property rights
a. John Maynard Keynes b. Alfred Marshall c. Adam Smith d. John Hicks