In the first years of a professional athlete's career, the athlete is "under reserve," which means that he or she cannot negotiate with other teams. After a specified amount of time, the player can become a free agent. This implies that, everything else equal,
A) the player's salary is probably higher as a free agent than as a reserve player.
B) the player's salary is probably lower as a free agent than as a reserve player.
C) the player's salary is probably the same as a free agent and as a reserve player.
D) the free agent status is not granted to every player.
A
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Mr. Shades Sunglasses promotes its 'buy one, get one half price' offer in which customers who purchase one pair of sunglasses can purchase a second pair at half price. This is an example of ________ and is ________.
A) price discrimination; always illegal per se B) conditional sales; always illegal per se C) price discrimination; only illegal if the practice substantially lessens competition or tends to create a monopoly D) conditional sales; only illegal if the practice substantially lessens competition or tends to create a monopoly
Social costs of a good are equal to
A) external costs minus private costs. B) private costs minus external costs. C) private costs plus external costs. D) external costs divided by the private costs.
If you believe that all people are good - you ascribe to this school of thought
a. biological b. cognitive c. structuralism d. humanistic
Usually an investment will be profitable if:
A. it is financed with retained earnings. B. the internal rate of return is less than the cost of borrowing. C. the cost of borrowing is less than the internal rate of return. D. the cost of borrowing is equal to the internal rate of return.