The above figure shows the market for laptops. Which of the following causes a movement from B to A?
A) an increase in the number of laptop manufactures and sellers
B) an increase in the price of laptops
C) an increase in the productivity of the workers manufacturing laptops
D) a decrease in the price of laptops
E) an increase in the cost of hard drives
D
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Large countries can improve their welfare by levying a tariff only if it does not
A) encourage rent seeking elsewhere in the economy. B) discourage innovation. C) lead to retaliation by the nation's trading partners. D) All of the above. E) None of the above.
Which of the following is an example of customer discrimination?
a. European soccer players earn more than U.S. soccer players since soccer is more popular in Europe. b. Male basketball players in the NBA earn higher salaries than female basketball players in the WNBA since viewers prefer watching NBA games. c. Golfers on the men's PGA tour earn more than golfers on the women's LPGA tour since people prefer watching the men play golf. d. All of the above are examples of customer discrimination.