A retailer cannot sell Campbell Soup if it also sells other brands of soup. This is an example of:
a. resale price maintenance.
b. price discrimination.
c. a tying agreement.
d. exclusive dealing.
d
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Find the real exchange rate for the following case: Assume that the representative basket of European goods costs 100 euros and the representative U.S. basket costs $125,
and the dollar/euro exchange rate is $0.75 per euro, then the price of the European basket in terms of U.S. basket is:
International specialization allows a country to use its resources to
a. create jobs for government workers by expanding international foreign aid programs b. produce special goods such as computer software that require specific knowledge c. expand the development of its natural resources such as lumber, oil deposits, and coal d. produce specific goods, allowing other countries to focus on the production of other goods e. develop political ties through international cooperation and mutual sharing of goods
Which of the following is a subject that economists study?
a. the growth in average income b. the fraction of the population that cannot find work c. the rate at which prices are rising d. All of the above are correct.
A homeowner has run into some financial difficulty and has not been able to pay property taxes or income taxes. If liens resulted in a foreclosure sale, which of the following is the correct order for payment of the liens?
a. The city would be paid first. The IRS would be paid after the city, provided the sale produced enough funds b. All liens will be added together and each lien holder would receive their prorated share c. The IRS would be paid first. The county would be paid next. d. The order of these two liens would depend solely upon the order in which they were filed.