Vertical contracts that aim to decrease retailer prices typically
a. Benefit the consumer, hurt the manufacturer and the retailer
b. Benefit the manufacturer, hurt the consumer and retailer
c. Benefits the consumers, manufacturers and retailers
d. Hurts all the manufacturers, consumers and retailers
c
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Refer to the data provided in Table 11.4 below to answer the following question(s).
Table 11.4 
Refer to Table 11.4. If the interest rate is 26%, then the farmer will engage in investment of
A. $1,000,000. B. $1,200,000. C. $1,400,000. D. $2,200,000.
Michelle spends all of her income on mangos and rice. Mangos cost $2 per pound and rice costs $1.50 per pound
If Michelle is spending all of her income and the marginal utility per dollar spent is 20 for the last pound of mangos purchased and 10 for the last pound of rice purchased, then A) Michelle is maximizing utility from her present consumption bundle. B) Michelle should buy more rice and fewer mangos in order to maximize utility. C) Michelle should buy more mangos and less rice to maximize utility. D) None of the above answers is correct.
Refer to the Article Summary. The article discusses income inequality, and for some people this means a more equitable distribution of income is needed in the economy. Would an equitable distribution of income necessarily be the most efficient distribution of income?
A) No, it is impossible to have an economically efficient distribution which is also an equitable distribution. B) No, an economically efficient distribution of income would not necessarily be equitable. C) Yes, in order for the distribution to be equitable, it must also be efficient. D) Yes, equitable and efficient are two different words which have the same definition.
Identify the "oversimplified multiplier formula."
a. Multiplier = 1 divided by (1 ? change in GDP) b. Multiplier = 1 divided by (1 ? marginal propensity to consume) c. Multiplier = 1 divided by (1 ? marginal propensity to save) d. Multiplier = 1 divided by (1 ? rate of inflation)