In the capital market, the rental price is what a:
A. producer pays to use a factor of production for a certain period or task.
B. producer pays to gain permanent ownership of a factor of production.
C. consumer pays to use labor or land services for a certain period or task.
D. consumer pays to gain permanent ownership of a factor of production.
A. producer pays to use a factor of production for a certain period or task.
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What is price discrimination?
What will be an ideal response?
Briefly describe some of the current policies the United States has in place to limit both fairly and unfairly traded goods
What will be an ideal response?
According to the HO model, countries with different factor endowments but similar technologies and preferences will have a strong basis for trade with each other
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1) Conditional sales are always illegal per se under the Clayton Act. 2) Exclusive dealing contracts and requirements contracts have both procompetitive and anticompetitive motivations. 3) Exclusive dealing contracts and requirements contracts are illegal per se. 4) Exclusive dealing contracts and requirements contracts are procompetitive as they encourage advertising. 5) Section 3 of the Clayton Act prevents an individual from sitting on the boards of directors of two competing firms.