Which of the following would contribute to a U.S. balance of payments deficit?
A. Kawasaki builds a motorcycle manufacturing plant in Kansas City.
B. U.S. tourists travel in large numbers to Europe.
C. A wealthy Mexican citizen builds a mansion in Beverly Hills.
D. Zaire pays interest on its debt to the United States.
B. U.S. tourists travel in large numbers to Europe.
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An exclusive contract
a. makes it illegal to price discriminate b. requires a buyer to purchase all products from a specified supplier c. requires a buyer not to purchase any products from the competitor of a specified supplier d. requires the buyer to purchase a second product as a condition of receiving the one he wants e. requires a seller to market its product within a limited geographic territory
The labor force equals the number of people:
A. aged 16 years and older. B. employed. C. employed, unemployed and discouraged. D. both employed and unemployed.
The Sherman Antitrust Act prohibits competing firms from even talking about fixing prices
a. True b. False Indicate whether the statement is true or false
Explain the three possible ranges for price elasticity of demand
What will be an ideal response?