Mechanisms that manufacturers can use to deal with misaligned retailer incentives include
a. setting a minimum retail price
b. providing an exclusive contract to a single retailed in a market
c. compensating retailers' sales staff for demonstrating, as well as selling, the product
d. All of the above
d
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The efforts of nations to influence exchange rates are known as
A) open market operations. B) establishing terms of trade. C) foreign exchange market intervention. D) rate discrimination.
When we study economic growth, we are most concerned about changes in
A) the output ratio. B) the level of natural real output. C) the absolute difference between natural and actual real output. D) None of these.
Which of the following is NOT true for monopoly?
A) The profit maximizing output is the one at which marginal revenue and marginal cost are equal. B) Average revenue equals price. C) The profit maximizing output is the one at which the difference between total revenue and total cost is largest. D) The monopolist's demand curve is the same as the market demand curve. E) At the profit maximizing output, price equals marginal cost.
The problem for government policy makers of knowing just where the business cycle turning points are is important in implementing
a. a balanced budget b. sustained economic growth c. appropriate technology d. countercyclical fiscal policy e. inflationary and deflationary gaps