For a theme park two-tier pricing can include a positive admission price and a zero per-ride fee
Indicate whether the statement is true or false
True . Both fees do not have to be positive. The firm will choose the combination of fee and per-ride price that maximizes profits.
Economics
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A ________ occurs when a country's imports exceed its exports
A) budget surplus B) trade deficit C) trade surplus D) fiscal deficit
Economics
When equilibrium real GDP falls short of potential GDP, there is a(n)
a. inflationary gap. b. potential gap. c. recessionary gap. d. precautionary gap.
Economics