Ersatz Kreme will sell its filling to Hunky Donuts only if Hunky Donuts agrees not to buy filling from other suppliers. This is an example of:
a. price discrimination.
b. exclusive dealing.
c. a tying contract.
d. interlocking directorates.
b
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Which of the following would likely be the most affected when the economy is in the recession phase of the business cycle?
A) gasoline sales B) housing sales C) beer and wine sales D) movie ticket sales
A fall in interest rates leads to:
a. an increase in the rental rate on a machine. b. a decrease in the rental rate on a machine. c. no change in the rental rate on a machine. d. a fall in the marginal productivity of capital.
In the early 1970s, the short-run Phillips curve shifted
a. rightward as inflation expectations rose. b. rightward as inflation expectations fell. c. leftward as inflation expectations rose. d. leftward as inflation expectations fell.
Which group is most likely to be adversely affected by the importation of foreign steel?
A. Domestic steelworkers. B. Foreign steel producers. C. Consumers of domestic automobiles for which steel is an input. D. Domestic automobile workers.