Antitrust enforcement of vertical relationships is generally focused on
a. The dominant firm using horizontal contracts to extend market power to other levels of the supply chain
b. Vertical contracts increasing the intensity of competition
c. Vertical contracts that harm consumers
d. All of the above
c
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The World Bank's main concern about the East Asian development model is that
a. it hasn't really worked b. it has relied too much on exports c. it hasn't had the support of labor unions d. it isn't easily replicated where government institutions are weak e. all of the above
Suppose that equilibrium in the dollar-pound market occurs where 300 million pounds are demanded at a price of $1.75 per pound. If the current exchange rate is $1.60 per pound, we know that
a. the dollar-pound market is in equilibrium b. there is an excess demand for pounds, so the dollar price of the pound will rise c. there is an excess demand for pounds, and the pound is overvalued d. there is an excess supply of pounds, and the dollar price of the pound will rise e. there is an excess supply of pounds, and the dollar price of the pound will fall
Suppose that there are two firms, each generating three tons of SO2. Suppose also that the government has set a target abatement level of two tons. Under a policy of uniform abatement with permits, the firm with the lower marginal abatement cost:
A. will abate exactly the same amount of SO2 as the firm with the higher marginal abatement cost. B. will abate less SO2 than the firm with the higher marginal abatement cost. C. will abate more SO2 than the firm with the higher marginal abatement cost. D. will sell its pollution permit to the firm with the higher marginal abatement cost.
Which one of the following accounting identities is TRUE?
A. National income plus profit equals personal income. B. Disposable personal income plus non-income expense items equals personal income. C. Disposable personal income plus indirect business taxes equals personal income. D. Disposable personal income plus personal income taxes equals personal income.