Which of the following is not an example of price discrimination?
a. IBM charges business users of its laser printer more than home users
b. Intel offered faster and slower versions of a computer chip
c. An amusement park charges the same admission fee to local residents and out-of-towners
d. Adobe stripped some features from Photoshop to offer a cheaper version
e. Holders of Nevada driver's licenses pay less to ride the Las Vegas monorail
C
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Consider a closed economy without the government. If the GDP of the economy is $25,000 and the savings rate in the economy is 25%, the aggregate savings in the economy is:
A) $8,000. B) $8,650. C) $6,250. D) $3,320.
MacDougall compared export ratios and labor productivity ratios for the United States and the United Kingdom in order to test the
A) classical theory. B) the Heckscher-Ohlin theory. C) the Linder hypothesis. D) All of the above.