Mechanisms that manufacturers can use to deal with misaligned retailer incentives include
a. setting a minimum 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. eliminate manufacturer staff that was demonstrating the product in stores
a
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During World War II, the increasing productivity of workers who built ships was due primarily to
A) human capital accumulation through schooling and training. B) human capital accumulation by repeatedly doing the same tasks. C) discoveries of new and better technologies. D) investments by shipyards in new capital equipment.
Private saving is defined as
A) private disposable income minus consumption. B) net national product minus consumption. C) private disposable income minus consumption plus interest. D) private disposable income minus consumption plus interest plus transfer payments.