When a monopolist practices perfect price discrimination,
a. consumers receive no consumer surplus
b. there is allocative inefficiency
c. there is a deadweight loss
d. profit is lower than for the nondiscriminating monopolist
e. total revenue is less than for the nondiscriminating monopolist
A
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Demand and supply curves are drawn assuming ceteris paribus. This means that:
A) economists ignore all assumptions. B) economists don't watch for the fallacy of false cause. C) changes will be proportional. D) all other things besides price and quantity are assumed unchanged.
The Argentinian crisis of 2001 was characterized by:
A. international investors losing confidence and shifting the demand for loanable funds to the right. B. government debt becoming more expensive, shifting savings to the left. C. increasing interest rates. D. All of these statements are true.