To maximize profit, manufacturers should set the ________ resale price that ________ the retailers' cost of providing product-specific services.
A) minimum; covers
B) minimum; does not cover
C) maximum; does not cover
D) maximum; covers
A) minimum; covers
Economics
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This month Jones bought $10 of fresh hops for making home-brewed lager. In principle, what happens to GDP?
A) Nothing, because it involves the production of homemade beer. B) Nothing, because the hops are an intermediate good. C) GDP increases by $10. D) GDP increases by $10 as long as Jones is satisfied with the final product.
Economics
What does the "brain drain" refer to and why is it a problem for developing countries?
What will be an ideal response?
Economics