Vertical contracts between manufacturers and retailers often aim to
a. Incentivize the retailers to undertake costly activities, which they otherwise may not realize the full benefits of on their own
b. Serve as a "signal" of the manufacturer's belief of the likely success of his product
c. Reimburse the retailer for the cost of managing an extended inventory
d. All of the above
d
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Members of the Federal Reserve Board of Governors are appointed for one fourteen-year term so that they:
A. Have time to learn how the Fed operates. B. Are more likely to make politically acceptable decisions. C. Make their decisions based on economic, rather than political, considerations. D. Have enough time to travel to all 12 regional banks.
Which of the following best describes the distinguishing characteristics of business cycles?
What will be an ideal response?
Why is private ownership an important source of economic prosperity?
What will be an ideal response?
Choose the letter below that best represents the type of shift that would occur in the following situation in the United States: During World War II, the U.S. government spent huge amounts of money to fund the war effort. (See Figure 8.6.)
A. A. B. B. C. C. D. D.