If Big Dogs, a hot dog producer, purchases delivery trucks to deliver their hot dogs to local grocery stores, this is an example of ________.

A) outsourcing
B) forward integration
C) backward integration
D) divestiture


B) forward integration

Economics

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Refer to the scenario above. This implies that Lawland has a trade ________

A) deficit B) surplus C) tariff D) equilibrium

Economics

What is the difference between the two types of sealed-bid auctions?

What will be an ideal response?

Economics

Which of the following is not a component of the M1 money supply?

a. Demand deposits. b. Large-denomination (more than $100) bills. c. Interest-earning checking deposits. d. Outstanding balances on credit cards.

Economics

In order to maintain high prices, a cartel must get its members to

A. develop new sources. B. leave production unchanged. C. reduce production. D. increase production.

Economics