Answer the following statements true (T) or false (F)
1) If retailers have a resale price maintenance agreement with a manufacturer, typically if the retailers charge a price above the specified minimum price, this will lower their profit.
2) It is not possible for an online retailer with no physical locations to free ride on other retailers' in-store product-specific services.
3) A manufacturer's ultimate objective in specifying a minimum resale price is promotional.
4) If retailers have a resale price maintenance agreement with a manufacturer, competition forces successful retailers to provide product-specific services.
5) The treatment of resale price maintenance in the European Union is the same as in the United States.
1) TRUE
2) FALSE
3) TRUE
4) TRUE
5) FALSE
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The supply of money in the U.S. economy is determined primarily by
A) the demand for money in the economy. B) the actions of the Federal Reserve and the banking system. C) decisions made by the Federal Reserve and the U.S. Treasury. D) consumers and the banking system.
Prior to 1996 the government measured real GDP using 1987 prices
What would the rapid growth in computers and the fall in computer prices tend to do to the difference between true GDP growth and measured real GDP growth, relative to using a later year?
In the 1980s the CEO of Coca Cola corporation found out that its core business was making roughly 15% rate of return on investor capital
However, he also discovered that some of the newly acquired subsidiaries were not making anywhere near that amount. He decided to ask each of these companies to come up with a plan to push the rate of return closer to the 15% mark or he warned that these companies might be sold. Why would the CEO sell off companies or operations that are still profitable?
Currently, union membership in the United States is about:
a. 10 percent. b. 15 percent. c. 20 percent. d. 25 percent.