With no price discrimination,
a. A firm sells every unit at different prices
b. A firm sells every unit at same prices
c. Low-value groups pay a lower price than the high-value groups
d. Low-value groups pay a higher price than the high-value groups
b
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Which of the following is true about the Bitcoin:
a. Bitcoin transactions are not cleared through clearing houses, such as Mt. Gox. b. Bitcoin has a fixed exchange rate relative to the U.S. dollar and other currencies. c. A Bitcoin can be purchased and sold via foreign exchange dealers, just like the dollar or euro. d. Bitcoin transactions are highly visible and, therefore, taxable events.
Economic variables we are most interested in are
a. real variables, but we usually observe nominal variables. b. nominal variables, but we usually observe real variables. c. real variables, which we usually observe. d. nominal variables, which we usually observe.