"Beaten paths" from one country to another:
A. discourage migration to that country because of a perception that all of the good jobs have
already been taken.
B. discourage migration by increasing the cost of moving.
C. encourage migration by providing employment contacts and job information.
D. are more prevalent the greater the distance between the two countries.
Answer: C
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Refer to Figure 18.4. With free trade, what is the equilibrium price of gloves in Duckland?
A) $0 B) $8 C) $9 D) $11
In order for a hotel to successfully price discriminate so that senior citizens are given a discount, the hotel must be able to
A) offset the economic loss from charging senior citizens a lower price by lowering the marginal cost of renting rooms to senior citizens. B) lower its prices to younger customers too. C) prevent senior citizens from reselling their rooms to younger customers. D) shift its demand curve rightward. E) determine if a senior citizen can pay a higher price.