For a firm to maximize total profits through price discrimination, it should
a. Firms should charge a low price to high-value consumers and a high price to low-value consumers
b. Firms should charge a high price to high-value consumers and a high price to low-value consumers
c. Firms should charge a low price to high-value consumers and a low price to low-value consumers
d. Firms should charge a high price to high-value consumers and a low price to low-value consumers
d
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If the U.S. real exchange rate decreases, U.S. imports will ________ and U.S. exports will ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
How did the original focus of the IMF differ from that of the World Bank?
A) The IMF provided short-term loans and the World Bank provided long-term loans. B) The IMF assisted wealthy nations and the World Bank assisted developing nations. C) The IMF gave grants to developing countries and the World Bank made loans. D) The IMF dealt in North and South America only, and the World Bank dealt with the rest of the world.