The manager of Slick Lens, a sunglasses manufacturer, notices that the cost to distribute their sunglasses in the spot market has fallen. As a result of the change, which of the following is true?
A) The manager has less of an incentive to integrate backward.
B) The manager has more of an incentive to integrate forward.
C) The manager has less of an incentive to integrate forward.
D) The manager has more of an incentive to integrate backward.
C) The manager has less of an incentive to integrate forward.
You might also like to view...
Consider the straight-line demand curve illustrated in the figure above. At a price of $6, demand is
A) inelastic. B) elastic. C) unit elastic. D) More information is needed to determine if the demand is elastic, unit elastic, or inelastic.
All of the following are programs that redistribute income by making direct payments to people in the lower part of the income distribution EXCEPT
A) social security programs. B) welfare programs. C) Individual Retirement Accounts. D) unemployment compensation.
Per capita real GDP does not give us information about the distribution of income in a country or about the nonmonetary quality of life
a. True b. False Indicate whether the statement is true or false
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.