If Bob (the publisher) promises to give Susan (the author) 15% of the proceeds of the sale of a work of Susan's,
A. a copyright is necessary.
B. a trademark is necessary.
C. no contract is necessary.
D. a contract is necessary.
Answer: D
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Suppose OSHA requires a factory to install specific safety equipment to reduce the number of injuries in the factory. Would the number of accidents necessarily decline? Why or why not?
What will be an ideal response?
What is the difference between demand-pull inflation and cost-push inflation?
What will be an ideal response?
In the above figure, when real disposable income is less than 600, then
A) consumption is less than disposable income. B) consumption is the same as disposable income. C) consumption is more than disposable income. D) the MPC will fall.
You are the manager of a Mom and Pop store that can buy milk from a supplier at $3.00 per gallon. If you believe the elasticity of demand for milk by customers at your store is ?4, then your profit-maximizing price is:
A. $2.50. B. $5.00. C. $2.00. D. $4.00.