Charging different prices to different consumers for the same product when the price differences are not due to differences in cost is called arbitrage

It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:

A. accreditation. B. credentialism. C. cretinism. D. diplomacy.

The demand curve for federal funds is ________.

A. downward-sloping, because higher interest rates encourage commercial banks to borrow federal funds B. upward-sloping, because higher interest rates encourage commercial banks to lend federal funds C. downward-sloping, because higher interest rates discourage commercial banks from borrowing federal funds, but lower rates encourage borrowing D. upward-sloping, because higher interest rates discourage commercial banks from lending federal funds