Many college football teams require a "donation" in order to purchase season tickets. This is an example of
A) price gouging.
B) tie-in sale.
C) two-part pricing.
D) anti-competitive behavior.
C
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In the basic Keynesian model, an increase in government purchases:
A. reduces potential output. B. increases short-run equilibrium output. C. increases potential output. D. reduces short-run equilibrium output.
If real GDP is greater than nominal GDP for a particular year, then
What will be an ideal response?
Nondiscretionary fiscal policy relies in part on
A. spending for national defense. B. automatic changes in personal and corporate income tax receipts to stabilize economic activity. C. checks and balances established by the United States Constitution. D. "do nothing" economic policies, based on the belief that a market economy is stable and self-adjusting.
Gold is sold in world markets, usually priced in terms of troy ounces. In the market for gold, the price elasticity of demand for gold would be expressed as
A. a unitless number. B. the number of dollars spent on gold. C. the number of whatever currency is used in purchasing the gold. D. the number of troy ounces of gold sold.