Which of the following is most likely to exert the bargaining power of a buyer?
A) Barnes and Noble purchases books from publishers for sale in its online stores.
B) Cowgirl Creamery, a small cheese producer, seeks a dairy farm for its organic milk supplies.
C) Wal-Mart, the world's largest discount store, seeks vendors to supply products made exclusively for its stores.
D) Ground beef producers seek to purchase cattle from ranchers.
C
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In the figure above, which of the following is true?
i. Governments coordinate economic activities of households and firms. ii. Governments buy goods and services in goods markets. iii. Households pay taxes directly to firms. A) only ii B) only i C) only iii D) i and ii E) ii and iii
The two defining characteristics of pure private goods are
a. nonrivalry and excludability b. positive externalities and efficiency c. nonexcludability and nonrivalry d. efficiency and profitability e. rivalry and excludability
When there are positive externalities associated with the consumption of a good, we can expect the market
a. demand curve to lie above the social demand curve b. demand curve to lie below the social demand curve c. supply curve to lie above the social supply curve d. supply curve to lie below the social supply curve e. demand curve to lie below the social supply curve
Cradle-to-grave security is most common in ___________ countries.
A. Capitalist B. Communist C. Socialist D. Fascist