Game Emporium offers lower prices to children than to adults. This is an example of:
a. the inefficiency of monopoly.
b. perfect competition
c. utility maximization.
d. price discrimination.
d
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If the level of interest rates increases, then the current value and price of a bond paying a fixed interest payment will
A) remain unchanged since its underlying value, the interest payment is fixed. B) fall since new bonds offer higher rates. C) rise since new bonds offer higher rates. D) first rise then fall as bond investors calculate the effects of the change in rates.
The sum of payments made for all types of products produced in the economy is referred to as national income
Indicate whether the statement is true or false
You believe the dollars you have today will be accepted in the future in exchange for goods and services. Which function of money does this illustrate?
Which of the following is NOT an example of private investment expenditure?
A. new plants and equipment added during the year B. new houses built during the year C. using credit cards to purchase durable and nondurable goods D. increases in inventories on goods produced during the year