A camera manufacturer will sell its cameras only to retailers who agree to buy its brand of film. This is an example of
a. price discrimination
b. exclusive dealing
c. a tying contract
d. interlocking directorates
e. a trust
C
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In a small open economy, when exports exceed imports, all of the following are true EXCEPT
A) net capital outflows are positive. B) net exports are positive. C) domestic investment exceeds domestic saving. D) domestic output exceeds spending.
Approximately __________ of the impact of monetary policy on GDP after one year stems from the effective of changes in wealth on consumer spending
A) 10 percent B) 25 percent C) 50 percent D) 75 percent
Which of the following is not a characteristic of a competitive price-searcher market?
a. Each firm produces a differentiated product. b. The entry barriers are high. c. Each firm faces a downward-sloping demand curve. d. The number of firms in the market is large.
At ________ levels of output, the economy can expand with little or no increase in the overall price level because firms likely hold excess labor and capital, and production can be increased without causing input prices to increase.
A. full capacity B. high C. full employment D. low