If Crunchy Fries agrees to sell its frozen potato fries to a large grocery chain on the contractual condition that the grocery chain does not sell any of Crunchy Fries' competitors' frozen potato fries, this is an example of ________.
A) a tying arrangement
B) a horizontal contract
C) a requirements contract
D) an exclusive dealing contract
D) an exclusive dealing contract
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The open economy effect suggests that
A) a decrease in domestic price level will cause foreign residents to buy more domestic goods, increasing net exports. B) a rise in domestic price level will cause domestic residents to buy fewer imported goods. C) a rise in domestic price level will cause foreign residents to buy more domestic goods. D) a decrease in domestic price level will cause foreign residents to buy fewer domestic goods, increasing net exports.
Full employment does not mean that there is zero unemployment because
A) of unrealistic wage expectations. B) some cyclical unemployment is always present. C) of the existence of discouraged workers. D) business fluctuations are inevitable. E) some frictional unemployment is always present.
If the government increases spending and there is a complete direct expenditure offset, then
A. aggregate demand and real Gross Domestic Product (GDP) will increase by the amount of the spending increase. B. aggregate demand and real Gross Domestic Product (GDP) will not change. C. the government spending multiplier will be greater than zero. D. the price level will drop.
Refer to the information. The average total cost of 3 units of output is:
The Sunshine Corporation finds that its costs are $40 when it produces no output. Its total variable costs (TVC) change with output as shown in the accompanying table. Use this information to answer the following question..
A. $65.
B. $21.67.
C. $40.
D. $35.