If a distributor persuades a manufacturer to refuse to deal with a rival distributor, the two parties:
A. have committed a per se violation of Section 1 of the Sherman Act.
B. do not violate Section 1 of the Sherman Act since this is a unilateral action.
C. are attempting vertical price-fixing.
D. are conspiring to form a monopoly, thus directly violating Section 2 of the Sherman Act.
Answer: A
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Macroeconomic models from the 1950s and 1960s that consist of hundreds of equations that describe the economy in great detail are called
A. real business-cycle models. B. large, structural macroeconomic models. C. VARs. D. structural VARs.
When attempting to avoid mistakes at the close of negotiations, negotiators need to watch out for last minute problems, such as ________ or second-guessing by parties who did not participate in the bargaining process but who have the right or responsibility to review it.
Fill in the blank(s) with the appropriate word(s).
UniCo-a multinational corporation that specializes in designing, developing, and selling consumer electronics-outsources manufacturing products to a third-world country company. Human rights activists have criticized UniCo for operating inhumane sweatshops at the manufacturing plants to gain profits. Although UniCo is not directly liable for the labor exploitation, it threatens to pull out its business from the contracted company if the laborers are not provided with dignified wages and good working conditions. Which of the following responsibilities did the company fulfill in this scenario?
A. Respondent superior B. Strict liability C. Implied merchantability D. Caveat emptor
After training, Dinesh completed an assessment form that asked him to rate several statements such as “This training was effective” and “I feel competent in the skills covered in this training.” Anthony rated each statement on a scale of strongly disagree to strongly agree. Dinesh completed a ______ assessment of training.
A. reaction B. learning C. behavior D. results