If Happy Cows contractually requires distributors who purchase Happy Cows' milk to also purchase Happy Cows' cream, this is an example of ________.
A) territorial confinement
B) a tying arrangement
C) exclusive dealing
D) a requirements contract
B) a tying arrangement
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Lower real income ________ the demand for money and a lower price level ________ the demand for money.
A. decreases; decreases B. increases; increases C. increases; does not change D. increases; decreases
Which of the following is not correct concerning predatory dumping?
a. It may be a way to discourage the development of domestic production of a good. b. It may drive out established firms. c. There are a great number of documented cases of predatory dumping. d. In actuality, the blocking of entry on a worldwide scale would be extremely difficult to accomplish. e. In pursuing their monopoly position after dumping, dumpers may actually encourage the entry of other firms.
Why are Pigovian taxes preferred to regulatory policies as methods to remedy negative externalities?
Assume the United States has an absolute advantage in the production of everything compared to the African nation of Berundi. Can you think of any reason why both nations would still find it to their mutual advantage to trade with each other?
What will be an ideal response?