The sales of shoes that include shoelaces is a tie-in sale that most likely
A) greatly increases the shoe producer's profit.
B) increases transactions costs.
C) increases efficiency.
D) None of the above.
C
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Which of the following is a TRUE statement?
A) The most important source of economic growth is the rate of population growth since a growing population stimulates demand for goods and services, and provides the labor to produce the goods and services. B) The most important sources of economic growth are the new ideas generated by entrepreneurs in an economic system that permits them to capture the rewards of their entrepreneurial activities. C) The most important sources of economic growth are the quantity and quality of the land and other natural resources a country controls. D) The most important source of economic growth is the extent to which the government directly enters into decisions where research and development activities should be directed and who should be involved in research and development activity.
On January 1, Rick's Photo owned $50,000 of equipment. During the year, the value of the equipment fell by $10,000, plus Rick bought $25,000 in new equipment. Rick's company experienced ________ because ________
A) depreciation of $15,000; depreciation equals investment in new products minus loss in values B) gross investment of $40,000; gross investment equals net investment plus depreciation C) net investment of $15,000; net investment equals gross investment minus depreciation D) gross investment of $15,000; gross investment equals net investment minus depreciation E) net investment of $15,000; net investment equals beginning year financial capital minus depreciations and investment
The three major components of a bond are the bond price, maturity date, and coupon rate.
Answer the following statement true (T) or false (F)
Which of the following is an example of a regional currency arrangement?
A) exchange rate union B) currency cartel associations C) free-trade zones D) most-favored nation status E) agreement on commercial trade