An In the News article titled "Eliminating the Competition with Low Prices" indicates that, in order to protect their prices and profits, the major carriers operating at the Washington, DC, Dulles airport

A. Acquired smaller carriers.
B. Practiced predatory pricing.
C. Permanently reduced their prices.
D. Used patents.

Answer: B

Economics

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The interest rate that banks charge on loans to their best customers is called the:

A) federal funds rate. B) discount rate. C) mortgage interest rate. D) prime rate.

Economics

Assume that the government one day decides to tax greens fees at all state golf courses. To the government's dismay, not only was the amount of tax collected small, but there was a 90 percent decline in golfing

What type of tax analysis did the government apparently rely upon when it imposed this tax? A) static tax analysis B) dynamic tax analysis C) transaction cost analysis D) ad hoc tax analysis

Economics