The economic incentive for price discrimination is based upon:
A. Prejudices of business managers
B. Differences among sellers' costs
C. A desire to evade antitrust legislation
D. Differences among buyers' elasticities of demand
D. Differences among buyers' elasticities of demand
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What does the 45-degree line in the Lorenzo curve model indicate?
a. It shows how the population is distributed in the country. b. It shows the actual distribution of income with the population distribution. c. It divides income distribution in half with population distribution. d. It shows perfect equality between income distribution and population distribution.
In utilizing unconventional monetary policy in 2010, the Federal Reserve purchased
A. real estate worth more than $2 trillion. B. $800 billion in Treasury bills. C. over $1 trillion in mortgage backed securities. D. $600 billion in long-term Treasury bonds.