Vertical contracts between manufacturers and retailers often aim to
a. Serve as a "signal" of the manufacturer's belief of the likely success of his product
b. Reward the retailer for undertaking the risk inherent in introducing a new product
c. Reimburse the retailer for the cost of managing an extended inventory
d. All of the above
d
You might also like to view...
If macaroni and cheese is an inferior good, then a decrease in income results in
A) an increase in the demand for macaroni and cheese. B) a decrease in the demand for macaroni and cheese. C) an increase in the supply of macaroni and cheese. D) a decrease in the supply of macaroni and cheese. E) Both answers A and D are correct.
If both supply and demand decrease and the shift in supply dominates, which of the following happens? a. The equilibrium quantity increases. b. The equilibrium price and the equilibrium quantity decrease. c. The equilibrium price decreases and equilibrium quantity increases. d. The equilibrium quantity increases and the equilibrium price change is indeterminate
e. The equilibrium price increases and the equilibrium quantity decreases.
A first public policy step against discrimination in the labor market is to make it illegal. For instance, laws against discrimination have reduced the wage gap between:
a. ages. b. genders. c. education levels. d. classes.
Which of the following does NOT describe why Britain adopted the pegged system (the Exchange Rate Mechanism [ERM]) in 1990?
A) There were benefits to trade and other forms of cross-border exchange. B) Britain wanted to hold onto the pound as its currency. C) It was a member of the European Union and fixed rates were good for trade with other members. D) It hoped to participate in the new common currency when it was launched.