Why doesn't a firm price discriminate based on income levels?
A) It would be nearly impossible to conveniently confirm any individual's income level.
B) It is illegal to ask someone their income levels.
C) It is immoral to price discriminate based on income levels.
D) It is common practice for firms to price discriminate based on income.
A
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According to the above figure, at an income level of Y1,
A) the economy saves an amount equal to BD. B) the economy dissaves an amount equal to BD. C) the average propensity to save is greater than one. D) the marginal propensity to save is falling.
________ are a form of regional integration where member countries lower internal trade barriers but maintain existing barriers against nonmembers
A) Customs unions B) Free trade areas C) Reciprocal trade agreements D) None of the above.