Under a tying contract,
A. the price a buyer must pay for a good is tied to the size of his or her purchase.
B. a customer agrees as a condition of buying a good to purchase one or more additional goods from the same seller.
C. a firm agrees to allow members of its competitors’ boards of directors to sit on its board.
D. a firm agrees to pay an intermediary for having arranged a business deal for the firm.
Answer: B
You might also like to view...
What are the two tools of fiscal policy that governments can use to affect the level of aggregate demand?
A) taxation and controlling imports B) taxation and controlling exports C) government spending and taxation D) government spending and technology improvements
Which of the following is correct?
A. Public saving equals national saving plus private saving. B. National saving equals public saving minus private saving. C. National saving equals private saving plus public saving. D. Private saving equals national saving plus public saving.
________ spending follows a smooth trend whereas, ________ spending is more volatile and subject to fluctuations
A) Government; consumer B) Consumer; government C) Consumer; investment D) Investment; consumer
In the specific factors model, a 0% increase in the price of food accompanied by a 5% increase in the price of cloth will cause wages to ________, the production of cloth to ________, and the production of food to ________
A) increase by less then 5%; increase; decrease B) increase by 5%; remain unchanged; remain unchanged C) increase by more then 5%; increase; remain unchanged D) remain constant; increase; increase E) remain constant; decrease; decrease