Which of the following is NOT an example of a regional trade bloc?
A) the North American Free Trade Agreement
B) the European Union
C) the Asian-Pacific Trade Agreement
D) Mercosur
C
Economics
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A perfectly competitive firm is a price
A. giver. B. taker. C. maker. D. leader.
Economics
The Wall Street Journal magazine offers a significant discount to students who purchase a one-year subscription. If the reason for the discount is price discrimination, we can conclude that:
A. students have a less elastic demand for newspapers than does the general public. B. there is no difference between a student's elasticity of demand for newspapers and any other person's elasticity of demand. C. students have a more elastic demand for newspapers than does the general public. D. students have a perfectly inelastic demand for newspapers.
Economics