Social welfare is
a. a government program through which society takes care of low-income people
b. the overall well-being of people in the economy
c. measured by spending on party supplies, restaurant meals, and movie tickets
d. applies to sociology, not economics
e. All the answers are correct.
B
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If the U.S. dollar depreciates against the euro, what can the Fed do to keep the dollar's exchange rate stable?
A) decrease U.S. imports by increasing tariffs B) nothing C) buy dollars in the foreign exchange market D) sell dollars in the foreign exchange market E) buy euros in the foreign exchange market
If a firm sells to two distinct identifiable markets and resale is impossible, why is price discrimination more profitable than setting a single price?
What will be an ideal response?