Which of the following describes the relationship between net exports and imports?
a. Net exports = imports + exports
b. Net exports = exports - imports
c. Net exports = imports - exports
d. Imports = net exports - exports
e. Imports are not related to net exports
B
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Coupons represent a form of price discrimination because they offer a low-cost way for firms to
A) identify customers with apparently more elastic demand and offer them a lower price. B) retain loyal customers who are not price sensitive. C) offer discounts to consumers who buy larger quantities. D) perfectly price discriminate.
Pat can either drive to work, which takes half an hour and uses $1.50 worth of gas, or take the bus, which takes an hour and costs $1.00. How should Pat get to work?
A. Pat should drive if saving half an hour is worth $0.50 or more. B. Pat should drive because it saves half an hour relative to taking the bus. C. Pat should take the bus if saving half an hour is worth $0.50 or more. D. Pat should take the bus because it costs $0.50 less than driving.