Which of the following is a macroeconomic subject?
a. international shipping rates
b. price of French wine
c. price of Japanese cars
d. the rate of growth in the Canadian economy
e. home mortgage rates in Brazil
D
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Which of the following is FALSE about indirect price discrimination
a. It requires identifying some feature that is correlated with different value customers b. The firm must be able to charge different prices to the different value customers c. The firm must be able to prevent arbitrage d. All of the above
The horizontal demand curve facing an individual firm in a perfectly competitive market: a. violates the law of demand, which states that demand curves slope downward. b. is a reflection of the firm's small size relative to the total market
c. is maintained only with the help of high barriers to entry. d. is a reflection of the inelastic demand for its product.