Uber has come under criticism for its surge pricing because consumers see it as
A) equally fair for firms to raise prices after an increase in costs and as a result of an increase in demand.
B) completely unfair for firms to raise prices after an increase in costs or as a result of an increase in demand.
C) more fair for firms to raise prices after an increase in costs than as a result of an increase in demand.
D) more fair for firms to raise prices after an increase in demand than as a result of an increase in costs.
C
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The quantity of real GDP produced by one hour of labor is defined as
A) the advance in technology. B) economic growth. C) the growth rate of technology. D) real GDP per person. E) labor productivity.
Which currency below currently serves as a dominant reserve currency?
A) European euro B) U.S. dollar C) Japanese yen D) British pound