Mac trucks and their dealers would likely have an organizational form of
a. fixed profit sharing franchise contracts
b. spot market recontracting
c. alliances
d. vertical integration
a
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The adage, "There is no such thing as a free lunch," is used to illustrate the principle that
a. goods are scarce. b. people face tradeoffs. c. income must be earned. d. households face many decisions.
Is the firm a perfect competitor or an imperfect competitor?
The average of the bilateral rate changes for a nation, weighted by the importance of the trading partner, is know as
A) the real exchange rate B) the nominal exchange rate C) the effective exchange rate D) the direct exchange rate
If the equation y = -10 + 2.5x was plotted:
A. the vertical intercept would be -10. B. the slope would be -7.5. C. it would graph as a downsloping line. D. the slope would be -10.