If a tire manufacturer agrees to sell its tires to an automobile producer on the contractual condition that the automobile producer purchases 100 percent of its tires needed from the tire manufacturer, this is an example of ________.
A) an exclusive dealing contract
B) a requirements contract
C) a tying arrangement
D) a horizontal contract
B) a requirements contract
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If timber prices are rising slower than the rate of interest then
A. investors should harvest timber instead of buying bonds. B. investors should buy bonds instead of harvesting timber. C. timber prices should increase. D. bond prices should decrease.
When Dave in Detroit, MI buys stock in Ford Motor Co., NCO:
A. is zero. B. increases. C. is unaffected. D. decreases.
In terms of economic growth, the key measure of the standard of living is
A) real GDP. B) nominal GDP. C) real GDP per capita. D) nominal GDP per capita.
What is the shape of the demand curve faced by the perfectly competitive firm, and why?
What will be an ideal response?