A surplus in our balance of payments causes the dollar to __________, which causes the surplus to __________

A law requiring the government to balance its budget in each year would serve as an automatic destabilizer

Indicate whether the statement is true or false

For direct price discrimination to work

a. The firm must be able to identify the members of the low value group b. The firm must charge a single price to all its customers c. The firm need not worry about any arbitrage since all its customers are charged the same price d. The firm should charge a higher price to those customers with the most elastic demand