If you and I agree to exchange four ginger snaps for one chocolate chip cookie, then it must be true that
a. we are both at least as well off as we were before
b. I am better off than I was before, but you are not
c. you are better off than you were before, but I am not
d. we are both better off than before
e. we are both worse off than before
A
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When government expenditures increase, the interest rate
a. increases, making the change in aggregate demand larger. b. increases, making the change in aggregate demand smaller c. decreases, making the change in aggregate demand larger. d. decreases, making the change in aggregate demand smaller.
In order to practice any form of price discrimination, a monopoly must be able to
a. identify the maximum price that each customer is willing to pay. b. separate its customers into distinct groups. c. prevent resale of its product. d. establish a legal barrier to entry.