Under a tying contract,
a. the price a buyer must pay for a good is tied to the size of his purchase.
b. a customer agrees as a condition of buying a good to purchase one or more additional goods from the same seller.
c. a firm agrees to allow members of its competitors' boards of directors to sit on its board.
d. a firm agrees to pay an intermediary for having arranged a business deal for the firm.
b
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If fiscal policy were able to exert a significant impact on the economy during the Great Depression, we would expect
a. an increase in government expenditures and a reduction in budget deficits. b. an increase in government expenditures and an increase in budget deficits. c. a decrease in government expenditures and a reduction in budget deficits. d. a decrease in government expenditures and an increase in budget deficits.
Any country with highly attractive domestic investment opportunities and a low savings rate will tend to
a. run a current account deficit that is equal to its capital account surplus. b. run a current account surplus deficit over a long period. c. tend to be relatively poor (compared with other countries). d. run a current account deficit.