If retailers have a resale price maintenance agreement with a manufacturer to sell the product at a minimum price of $100, this means that brick and mortar stores ________ charge a price below $100 and online retailers ________ charge a price below $100.
A) can; can
B) cannot; can
C) cannot; cannot
D) can; cannot
C) cannot; cannot
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According to the theory of hysteresis, a prolonged recession will:
a. decrease the natural rate of unemployment. b. increase cyclical unemployment. c. decrease the sacrifice ratio. d. increase the natural rate of unemployment.
If the external costs of production are not taken into account, then production will
A) be less than socially desirable. B) be more than socially desirable. C) be the same since only prices are affected by externalities. D) cease.
People are willing to invest in human capital because
a. the demand for skilled labor is higher than for unskilled labor. b. it increases the marginal product of their labor. c. firms are willing to pay more for more productive workers. d. All of the above are correct.
If you put $250 into an account with a 4 percent interest rate, how many years would you have to wait to have $432.92?
a. 10 b. 14 c. 17 d. 20