Vertical contracts can also be seen as
a. An increase in coordination between firms producing complementary goods
b. An increase in competition among firms producing complementary goods
c. An increase in coordination between firms producing substitute goods
d. An increase in competition between firms producing substitute goods
a
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Which of the following equations is accurate?
a. money interest rate = real interest rate - inflationary premium b. real interest rate = money interest rate + inflationary premium c. real interest rate = money interest rate - inflationary premium d. real interest rate = money interest rate
Great Basin National Park, the only national park wholly within the borders of Nevada, occupies 77,180 acres and contains 42 known caves. About 90,000 people visit the park each year. It has 25 permanent staff who, with the seasonal staff, collect $280,00 in fees a year, mostly for the 2,400 cave tours. The park also has about 80 volunteers who contribute 9,400 hours of work a year. Because the park surveys for springs in the 25 watersheds, the park service does not burn any acreage, which is part of standard maintenance in some parks.Some of the data are flow measurements and some are stock measurements. An example of a flow measurement is:
A. caves in the park. B. staff positions in the park. C. cave tours given. D. acres in the park.
Adding wages, interest, rent, and profits yields
A) net domestic product at factor cost. B) gross domestic product at factor cost. C) total expenditure. D) GNP. E) gross domestic product.
April quit her job as an accountant at Ernst and Young, where she was paid $45,000 per year. She started her own landscaping business. She rents machines and tools for $50,000 and pays $10,000 as wages to her hel
A) Her accountant calculates her profit as $40,000. B) She has an economic loss. C) Her explicit cost is $105,000. D) Both answers A and B are correct. E) Both answers A and C are correct.