Inflation and Unemployment

question 125

Multiple Choice

Inflation and unemployment

• A) are the focus of normative economics.
• B) are a focus of microeconomics.
• C) are a focus of positive economics.
• D) are a focus of macroeconomics.

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Definitions:

Geographical Pricing

A pricing strategy where the price of a product or service varies depending on the geographical location or market.

FOB Freight-Allowed

A shipping term indicating that the seller pays for the transportation of goods to a specific location, but the buyer assumes the risk of loss once shipped.

Basing-Point Pricing

A pricing strategy where the price of goods includes transportation costs from a specific location, regardless of the actual shipment origin.

Deceptive Pricing

Pricing practices intended to mislead or trick consumers about the actual cost of a product or service.