The act of offering two or more products for sale as a set is called
A) bundling.
B) versioning.
C) tie-in sales.
D) branding.
Answer: A
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The short-run Phillips curve shows the relationship between the
A) inflation rate and the unemployment rate. B) inflation rate and the nominal interest rate. C) natural unemployment rate and the expected inflation rate. D) natural unemployment rate and the real interest rate. E) expected inflation rate and the unemployment rate.
In the above figure, for a single-price monopolist producing at its profit-maximizing equilibrium price and quantity, the price elasticity of demand at this equilibrium will be
A) greater than 1 and the monopolist's total revenue is maximized. B) less than 1 and the monopolist's economic profit could be larger. C) equal to 1 and the monopolist's total revenue is maximized. D) greater than 1 and the economic profit is maximized but the total revenue is not.
Prior to the 1980s ________
A) the hourly wage of women exceeded that of their male counterparts B) the employment ratio for women was equal to that of men C) a majority of women were not in the labor force D) the majority of men were not in the labor force
The payments made to the beneficiaries of the Social Security program are financed by
a. insurance premiums previously paid into the system by the beneficiaries. b. current receipts derived from the Social Security payroll tax. c. income derived from funds that were previously invested in stocks and bonds. d. governmental savings accounts based on the amount of funds the recipient previously paid into the system.