If both Ben and Catherine value good X more than good Y, a firm can increase profits by bundling the two products
Indicate whether the statement is true or false
False. The two demands are positively correlated. In this case it is more profitable to sell the two goods separately.
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China's State Council has encouraged more spending to "improve transportation links and other infrastructure...." It will also "step up its spending on vocational training and other educational programs for adults." www.nytimes
com, Keith Bradsher, October 19, 2008 Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's PPF. As a result of enacting the policies, China's PPF will A) shift outward. B) shift inward. C) rotate outward. D) become flatter.
A tariff is:
a. a duty that a company must pay its own government on exports. b. the price charged by one country to buyers of a good in another country. c. a price reduction designed to encourage international trade. d. a tax on an import.