The larger the MPC, the ________ the expenditure multiplier and the ________ the effect of a change in expenditure on equilibrium output.

A direct restriction on the quantity of an import is called a tariff.

a. true b. false

Pizza joints often offer substantially lower prices for pizza picked up at the shop compared to delivered pizza prices. This may be an attempt at

A) perfect price discrimination. B) group price discrimination. C) quantity discrimination. D) second-degree price discrimination.