Which of the following is NOT an example of the hurdle method of price discrimination?
A. Offering a mail-in rebate.
B. Charging less for airline tickets if the trip includes a Saturday night stayover.
C. Permanently reducing all prices by 10%.
D. Giving a discount on movie tickets to people with a student ID.
Answer: C
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If the government runs a budget deficit to fight a war and there is no Ricardo-Barro effect, what is an impact of the deficit?
A) The quantity of investment increases. B) The real interest rate rises. C) Firms purchase more capital equipment. D) Animal spirits or irrational exuberance is created. E) The quantity of private saving decreases.
The current U.S. population is about 300 million yet the current U.S. labor force is only about 150 million. What subtractions are made from the population number to set it equal to the labor force?
What will be an ideal response?