To practice second-degree price discrimination
A) different markets must be able to communicate with each other.
B) different markets must have the same number of customers.
C) similar markets must have similar elasticities.
D) different markets must have different elasticities.
D
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Once a nation has been producing a good or service for some time,
a. its supply curve for that product is vertical b. its supply curve for that product is horizontal at the world price c. it often develops a comparative advantage in producing that good or service d. its moves along its production possibilities frontier and produces more of it e. its production possibilities frontier shifts outward
In 2008, the Fed utilized expansionary monetary policy which was made
a. more effective as banks held more excess reserves. b. less effective as banks held more excess reserves. c. more effective as banks held less excess reserves. d. less effective as banks held less excess reserves.