To be effective, a price ceiling must be below the market equilibrium price
Indicate whether the statement is true or false
T
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Silent auctions are an example of what type of price discrimination?
A. First-degree price discrimination. B. Second-degree price discrimination. C. Third-degree price discrimination. D. It is not price discrimination.
The formula, , is equal to the
A) expenditure multiplier. B) marginal propensity to export. C) marginal propensity to consume. D) marginal tax rate. E) total amount of autonomous expenditure.
If fast food is an inferior good then:
A. the demand for fast food will fall as income falls. B. the demand for fast food will fall as income rises. C. the demand for fast food will fall as the price of fast food rises. D. the quantity of fast food demanded will rise as the price of fast food rises.
The United Nations Intergovernmental Panel on Climate Change said that evidence is now unequivocal that humans are causing global warming.
Answer the following statement true (T) or false (F)