Mechanisms that manufacturers can use to deal with misaligned retailer incentives include
a. setting a maximum retail price
b. allowing many retailers to sell the product in each market
c. preventing retailers from compensating sales staff for demonstrating the product
d. providing manufacturer staff to demonstrate the product in stores
a
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The World Bank estimates that about ________ of the planet lives below $1.90 a day per person, and ________ lives on less than $3.10:
A. 13%; 50%. B. 35%; 50%. C. 1%; 35%. D. 13%; 35%.
If we consider the equation PAE = A + bY the part of the equation that relates to autonomous sources of spending is:
A. PAE B. Y C. A D. b
In the coordination failure model, we mention sunspots because
A) they influence business cycles. B) apparently irrelevant events may influence business cycles. C) in central banker speak, they are synonymous with open market operations. D) seasonal sunshine has an impact on the business cycle.
Which of the following is correct?
a. Economic fluctuations are easily predicted by competent economists. b. Recessions have never occurred very close together. c. Spending, income, and production do not fluctuate closely with real GDP. d. None of the above is correct.