What is the primary difference between bundling and tie-ins?
A) Bundling is typically a one-off purchase.
B) Contractual arrangements.
C) Tie-ins are one-off purchases.
D) Bundling is illegal and tie-ins are legal.
A
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If politicians decide to proceed with protection, why might economists prefer tariffs to quotas? Explain at least three reasons
What will be an ideal response?
If the spending multiplier is 8, then the marginal propensity to consume must be 7/8
a. True b. False Indicate whether the statement is true or false
An extraordinarily small crop of farm products due to drought causes:
A. a large increase in the price of farm products because the demand for farm products is price inelastic. B. only a slight increase in the price of farm products because the demand for farm products is income elastic. C. only a slight increase in the price of farm products because the demand for farm products is income inelastic. D. a large increase in the price of farm products because the demand for farm products is price elastic.
The very poorest low-income DVCs typically have relatively:
A. low rates of economic growth and relatively high rates of population growth. B. high rates of economic growth and relatively low rates of population growth. C. low rates of both population growth and economic growth. D. high rates of both population growth and economic growth.