For a firm that can effectively price discriminate, who will be charged a lower price?

A) buyers that are members of the smallest market segment
B) customers who have an elastic demand for the product
C) buyers that are members of the largest market segment
D) customers who have an inelastic demand for the product

B

Economics

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Countries that engage in trade will tend to specialize in the production of goods and services in which they have ________ and will ________ these goods and services

A) a comparative advantage; export B) a comparative advantage; import C) an absolute advantage; import D) an absolute advantage; export

Economics

In the long run, an increase in productivity would cause output to ________ and the aggregate price level to ________

A) fall; rise B) fall; fall C) rise; fall D) rise; rise

Economics