Which of the following will improve your bargaining position when contracting with a supplier
a. Your supplier merges with an another large supplier of the same product
b. You redesign your product to be more feasibly accepting of many suppliers' parts
c. You redesign your product so that your preferred supplier is more integral to product success
d. Your supplier's chief competitor has exited the market
b
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The labor demand and labor supply schedules are given in the table above. If a minimum wage of $9 per hour is imposed,
A) a surplus of 300 workers occurs. B) a shortage of 300 workers occurs. C) there is no surplus or shortage of workers. D) the quantity demanded is 1,000 workers. E) there is unemployment of 700 workers.
The supply curve reflects the
a. inverse relationship between price and quantity offered b. positive relationship between demand and supply c. negative relationship between price and quantity bought d. positive relationship between price and quantity bought e. positive relationship between price and quantity offered
The nominal exchange rate is 32 Russian rubles per dollar. The price of a bushel of wheat is 260 rubles in Russia and $7 in the U.S. A. What is the real exchange rate? Show your work. B. Can arbitragers make a profit? C. If your answer to B is yes, where would arbitragers buy and where would they sell
Economic conflict(s) leading to the Civil War ___________________________.
A. were over tariffs and the extension of slavery into the new territories B. was the growing free trade with England C. was Abraham Lincoln freeing the slaves D. None of the choices are true