Refer to Figure 9.5.
If the bus companies can expect to bid for contracts every 6-12 months for new buses, then the outcome may shift to
A. GMB-Low, VolgaBus-Low.
B. GMB-Low, VolgaBus-High.
C. GMB-High, VolgaBus-High.
D. GMB-High, VolgaBus-Low.
Answer: C
You might also like to view...
Explain how deposit insurance contributed indirectly to the savings and loan crisis of the 1980s
What will be an ideal response?
A rightward shift in the demand curve for a product will ordinarily result from
A. a decrease in the advertising budget. B. a decrease in the price of a competing product. C. an increase in consumer income. D. an increase in the price of a complementary good.
What is an appropriate definition for "securitization"?
A) the repackaging of bank assets into readily marketable forms B) the promise of a secure return on deposits in FDIC-banks C) the simplification of interest-bearing assets into their simplest derivative form D) the unloading of derivative securities in response to a bank run E) the reinforcement of an asset's worth through official certification
When a temporary adverse supply shock hits a large open economy, it causes the current account to ________ and investment to ________
A) fall; fall B) rise; remain unchanged C) fall; remain unchanged D) rise; fall