Vertical contracts that aim to decrease retailer prices typically
a. Benefit the consumer and the manufacturer but hurt the retailer
b. Benefit the manufacturer and retailer but hurt the consumer
c. Benefits the consumers, manufacturers and retailers
d. Hurts all the manufacturers, consumers and retailers
c
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If a country has an absolute advantage in producing a product, it must also have a comparative advantage in producing that product
Indicate whether the statement is true or false
Since people's incomes are limited and their abilities to borrow differ they face _____ constraints
a. psychological b. financial c. societal d. contractual
As long as the additional revenue from employing another worker exceeds the additional cost, the firm should not hire that worker
Indicate whether the statement is true or false
One way to avoid counting the prices of intermediate goods multiple times in computing the value of GDP is to:
A. sum the value added of producers of both intermediate and final goods and services. B. subtract the value added of producers of intermediate goods and services from the value added of producers of final goods and services. C. sum the value added of only producers of final goods and services. D. sum the value added of only producers of intermediate goods and services.