The local pizza place sells 1 large pizza for $7.99 or 2 large pizzas for $11.99. The pizza joint is engaging in ________.
A. second-degree price discrimination
B. first-degree price discrimination
C. regular price discrimination
D. third-degree price discrimination
Answer: A
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A) CDs B) Books C) Aerated drinks D) Patented software
The quantity theory of money explains how ________ depends on ________
A) real GDP; the money supply B) the price level; the demand for money C) the money supply; the velocity of money D) all of the above E) none of the above
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a. banks for loans to other banks. b. the Fed for overnight loans. c. the Fed for borrowed reserves. d. the federal government on loans to member banks.
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a. measures the prices of all goods produced in the economy b. includes prices of raw materials c. is found by averaging the prices of all goods consumed in the economy d. includes only the prices of domestically produced consumer goods e. includes the prices of some used consumer goods