Sharing contracts in franchising is when
a. The franchisor pays a fixed franchisor fee
b. The franchisor pays a percentage of the revenue or profit of the restaurant
c. The franchisor fee is decreased to 50%
d. The franchise gets to share the franchise fee with other restaurants
b
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Which of the following is true for the law of supply?
A. Buyers decrease the quantity of a good purchased as price increases.
B. Sellers increase the quantity of a good supplied as price increases.
C. Price decreases as more units are supplied.
D. A decrease in price results from more demand.
In a feudalist society, in comparison with mercantilism:
A. markets make the central economic decisions. B. tradition plays a more important role than the government. C. merchants play a more important political role than serfs. D. government plays a large role in determining the what, how, and for whom decisions.
In terms of the production possibility frontier, ________ would best be shown by the production possibility frontier shifting outward.
A. a change in consumer tastes B. a decrease in the unemployment rate C. an increase in productivity attributable to an increase in the capital stock D. a shift in resources from capital goods to consumer goods
Tax shifting
A. occurs when taxed agents can alter their behavior and do something to avoid paying a tax. B. occurs when taxes cause prices to increase, but wages to fall. C. is the way in which a tax is structured. D. is the ultimate distribution of a tax's burden.