Briefly describe the practice of resale price maintenance
Resale price maintenance is a requirement between a wholesale seller and retail seller that requires the retailers to charge a specific minimum price.
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A production possibility graph slopes down because of:
a. the law of increasing costs. b. nonhomogeneous resources. c. inefficiency. d. improper output mix. e. unemployment.
By using the market basket approach:
A. it allows us to see how cost of living is affected by the changing prices of different goods relative to how much of each good you buy. B. we get a moreaccurate picture of the changing cost of living than by simply averaging the changing prices of goods listed in the market basket. C. we get a clearer picture of the changing cost of living than by averaging the changing prices of all goods and services produced. D. All of these statements are true.
Movements up along a particular short run Phillips curve are not consistent with: a. Increases in aggregate demand
b. Movements up along the short run aggregate supply curve. c. Movements up along the long run aggregate supply curve. d. Movements up along a particular short run Phillips curve are consistent with all of the above.
The success of self-employed entrepreneurs depends on
What will be an ideal response?