People cope with uncertainty about the future:
A. in very similar ways, regardless of the situation.
B. in many ways, such as buying insurance.
C. exactly the same way, regardless of the situation.
D. by always avoiding it.
Answer: B
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When practicing price discrimination, a firm can increase its revenue by:
a. charging a higher price to the customers with a more inelastic demand. b. charging a higher price to the customers with a perfectly elastic demand. c. supplying more in a market with a more inelastic demand. d. supplying less in a market with lower elasticity of demand. e. charging a lower price in a market dominated by wealthy consumers.
Hired housekeepers, nannies, and cooks, working in households as either employees or self-employed persons, earn incomes for productive services that are not counted in GDP
Indicate whether the statement is true or false