The obligations and prohibitions present in a contract between a franchiser and the franchisee are called vertical restraints
Indicate whether the statement is true or false
T
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The principle of comparative advantage
A. applies only when the gold standard is in effect. B. is the basic reason that the United States has been running trade deficits. C. states that it is advantageous to export more than you import. D. states that total output is greatest when each product is made by the country that has the lowest opportunity cost.
An example of moral hazard is
a. workers working diligently even though the boss is not looking b. health care insured dieting and exercising c. drivers of safer cars turning their phones off before driving d. borrowers investing their loan proceeds differently than the bank requires
If the Fed sells a U.S. government bond to a bank, what is the effect on the money supply? a. It will increase
b. It will not change. c. It will decrease. d. It will be uncertain.
Fiscal policy can:
A. cause inflation. B. have real effects on the economy in the short run. C. bring the economy to its long run equilibrium faster than it can correct itself. D. All of these are true.