Professional athletes often have contract clauses prohibiting risky activities such as skiing and motorcycle riding. These clauses are
A) limited-liability clauses.
B) risk insurance.
C) restrictive covenants.
D) illegal.
C
You might also like to view...
During a time when the inflation rate is increasing each year for a number of years, are adaptive expectations or rational expectations likely to give the more accurate forecasts? Briefly explain
What will be an ideal response?
As more and more firms have acquired fax machines, the fax machine has become a standard means of business communication. The increase in demand for fax machines for business communication:
A) is an example of the snob effect. B) proves that the fax machine is an inferior good. C) proves that the fax machine is a luxury good. D) is an example of a positive network externality. E) is an example of a negative network externality.
Which of the following is true for an expansionary fiscal policy?
A. It causes an increase in the aggregate demand. B. It decreases the level of imports. C. It leads to a fall in the interest rate. D. It has no impact on the aggregate output.
Refer to the information provided in Figure 6.4 below to answer the question(s) that follow.
Figure 6.4Refer to Figure 6.4. Bill?s budget constraint is AC. If the bell peppers price decreases, Bill?s budget constraint will
A. swivel toward AD. B. swivel toward AB. C. remain at AC. D. The budget constraint is not depicted on the diagram.