If an automobile manufacturer has an agreement with its air bag supplier, this is an example of a ________ agreement.

A) rightward
B) vertical
C) horizontal
D) leftward


B) vertical

Economics

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When government pays individuals to purchase pollution-reducing devices, that payment is called a subsidy

Indicate whether the statement is true or false

Economics

Railroads attracted funds from foreign investors

Indicate whether the statement is true or false

Economics

A critical assumption for the simple money multiplier (1/ rrd) to hold is that

a. banks do not hold excess reserves. b. the public does not increase their level of currency holdings. c. the required reserve ratio has to be greater than one. d. both a and b. e. all of the above.

Economics

What is the primary problem caused by adverse selection?

a. Straining the insurance system b. Creating healthcare exchanges c. Mandating insurance premiums d. Increasing government regulation

Economics