A certain amusement park offers a 50 percent discount to kids between the ages of 8 and 14 years. This is an example of:
A) shadow pricing.
B) first-degree price discrimination.
C) third-degree price discrimination.
D) second-degree price discrimination.
C
Economics
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Traders operate on the principle that the ______ the value of the nominal exchange rate (E), the ______ it is to purchase foreign currency, and the _____ its return measured in the domestic currency.
A) higher; more expensive; lower B) higher; less expensive; higher C) lower; more expensive; higher D) higher; more expensive; higher
Economics
When it comes to the supply curve of janitors and accountants,
A) the supply curve of janitors is more elastic. B) the supply curve of accountants is more elastic. C) both supply curves are equally elastic. D) More information is needed.
Economics