The use of "most-favored-customer" clauses is an example of
A) incenting members to maintain the cartel, because if they lower the price for one customer, they have to lower it for previous customers as well.
B) incenting members to maintain the cartel, because if they raise the price for one customer, they have to raise it for previous customers as well.
C) giving customers special perks for purchasing goods from members of the cartel.
D) selling higher quality goods and services to favorite customers.
A
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Policy directives used by the Fed to moderate swings in the business cycle are considered
a. moderating fiscal policy b. countercyclical monetary policy c. accelerating monetary policy d. reserve requirement rates e. federal funds policy
Low levels of sales that cause low levels of investment spending is an example of a
a. vicious circle. b. virtuous circle. c. convergence circle. d. divergence circle.
Examples of nondurable consumer goods include all of the following EXCEPT
A. a dinner table. B. a pizza delivered to your home. C. a movie ticket. D. a cup of coffee.
For barter to occur there must be
A. no markets for people to exchange goods. B. one person who pays cash. C. services in exchange for goods. D. a double coincidence of wants for each good to be exchanged.