Which of the Following Is Not an Example of Price

question 9

Multiple Choice

Which of the following is not an example of price discrimination?

• A)IBM charges business users of its laser printer more than home users
• B)Intel offered faster and slower versions of a computer chip
• C)An amusement park charges the same admission fee to local residents and out-of-towners
• D)Adobe stripped some features from Photoshop to offer a cheaper version
• E)Holders of Nevada driver's licenses pay less to ride the Las Vegas monorail

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Definitions:

Trade Deficit

The amount by which the value of a nation’s imports exceed the value of its exports.

International Payments

Transactions between countries involving the transfer of money and payments for goods and services across borders.

Merchandise Exports

Goods produced domestically and sold to buyers in another country.

Freely Floating Exchange Rates

A system where the value of currencies is determined by supply and demand in the foreign exchange market without direct intervention by central banks.