Which of the Following Statements About Geographical Pricing Is Most

question 51

Multiple Choice

Which of the following statements about geographical pricing is most accurate?

• A)Geographical pricing is generally legal and not normally a concern in the U.S.legal system.
• B)Geographical pricing has come under more government scrutiny than any other pricing policy.
• C)FOB freight-allowed pricing practices are illegal.
• D)FOB origin pricing is legal.
• E)Basing-point pricing is the only form of geographical pricing that is not under some type of legal restriction.

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Definitions:

Aggregate Demand

Aggregate demand represents the total demand for all goods and services within a country's economy at a given overall price level and in a given time period.

Production Possibilities Curve

A curve showing the different combinations of two goods or services that can be produced in a full-employment, full-production economy where the available supplies of resources and technology are fixed.

Foreign Aid

Economic, technical, or military assistance given by one country to another for purposes of relief and redevelopment, economic stabilisation, or mutual defense.

Surplus Labor

The portion of the labor force that exceeds the amount of labor needed to produce a given level of output, often leading to unemployment.