For a ________, increasing the equilibrium ________ in the retail market is the key to successful use of resale price maintenance.
A) distributor; quantity sold
B) manufacturer; quantity sold
C) manufacturer; price
D) retailer; quantity sold
B) manufacturer; quantity sold
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Which of the following would unambiguously increase consumption spending?
a. an increase in real disposable income coupled with a decrease in real wealth b. an increase in real wealth coupled with more pessimistic expectations regarding future income c. a decrease in real disposable income coupled with a decrease in the interest rate d. a decrease in the interest rate coupled with an increase in real wealth e. increased pessimism regarding future income coupled with an increase in the interest rate
How does an additional individual's consumption of a good that is nonrival-in-consumption, such as a radio broadcast, affect the amount of the good available to other consumers?
a. The amount available to others will decline. b. The amount available to others will increase. c. The amount available to others is unaffected. d. The amount available to others is eliminated.
Nontariff measures are generally much more difficult to eliminate than tariffs and quotas because they are embedded more deeply in national economic policies
Indicate whether the statement is true or false
Because central banks intervene in currency markets, the term ____ has been used to describe the system.
A. planned float B. controlled float C. flexible D. dirty float