In order to lessen the monitoring problems and opportunistic behavior of a franchisor and a franchisee, franchise contracts:
a. create provisions for high liquidated damages.
b. are complete in all respect.
c. have similar fixed charge and royalty arrangements.
d. include certain flexible clauses.
C
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When government spending exceeds government revenues during a given period of time
A) the national debt must be decreasing. B) a budget surplus exists. C) Congress is obliged to raise taxes. D) a budget deficit exists.
Which of the following would not enhance economic growth?
a. Subsidies for investments in physical capital b. An increase in the corporate profits tax c. Subsidies for investments in human capital d. A tax cut that encourages saving e. Subsidies for research and development expenditures
We can use macroeconomic analysis to:
A. learn how to balance a checkbook. B. study the choices made by households. C. understand marginal changes in the macroeconomy. D. understand why economies grow.
Between 2000 and mid-2005, the value of the U.S. dollar expressed in Chinese yuan
A. was zero because it was illegal to sell yuan. B. remained essentially constant. C. decreased precipitously. D. increased sharply.