A firm that can sell essentially the same product with the same quality under different brand names that have different perceived quality, the firm
A) has a moral hazard problem.
B) creates noise in the market.
C) creates an arbitrage opportunity.
D) is engaging in unfair trading practices.
B
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An import quota
A) is a price ceiling imposed on an imported good. B) is a price floor imposed on an imported good. C) is a supply restriction limiting the quantity of a good that can be imported. D) is a legislative requirement stating that firms which import some of their merchandise must hire a certain number of immigrant workers.
The Equal Employment Opportunity Commission
a. was established by the Equal Rights Act of 1984 b. examines cases in which a worker is not paid the same as other workers performing the same work c. guarantees a worker's right to a job d. established a minimum wage for minorities e. has effectively eliminated racial discrimination in the workplace