Each of the following is an example of price discrimination except
A. senior citizen discounts at restaurants.
B. lower-priced movie tickets at "rush hour" to attract customers at dinner time.
C. high-priced tickets just behind the bench of the NBA championship team.
D. student rates for subscriptions to Business Week.
C. high-priced tickets just behind the bench of the NBA championship team.
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On a certain date the banking system had $2 billion in excess reserves. The legally required reserve ratio was 12.5 percent. Potentially, if these funds were fully loaned out, the banking system as a whole could increase the money supply by a maximum of: a. $0.25 billion. b. $2.5 billion
c. $12.5 billion. d. $16 billion
Jayden, a U.S. citizen, works only in Canada. The value that his labor contributes to U.S. output is
a. included in both U.S. GDP and U.S. GNP. b. included in U.S. GDP, but it is not included in U.S. GNP. c. included in U.S. GNP, but it is not included in U.S. GDP. d. included in neither U.S. GDP nor U.S. GNP.