Price discrimination is best described as a monopolist:
a. selling a product at the fixed market determined price.
b. charging buyers an excessive price for the product.
c. charging different customers different prices when the costs are equal.
d. selling a product for different prices during two different periods of time.
e. charging same prices to different customers when the costs are different.
c
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Which of the following would be counted as investment when calculating gross domestic product?
a) the purchase of a used computer by an auto manufacturer b) the purchase of a share of IBM stock by an employee c) the construction of a new house d) the construction of roads by the government e) the profit earned when selling shares of stock
Your text identifies all of the following as reasons why unsustainable debt may occur EXCEPT
A) when countries are dependent on one or two key export commodities, and there is a sudden drop in the price of those commodities. B) when natural disasters occur. C) when civil conflicts are resolved and a peace dividend occurs. D) when there are corrupt politicians and practices. E) when government officials try to buy votes with unsustainable spending.