Which of the following is most likely to exert the bargaining power of a buyer?
A) Barnes and Noble purchases books from publishers for sale in its online stores.
B) Cowgirl Creamery, a small cheese producer, seeks a dairy farm for its organic milk supplies.
C) Wal-Mart, the world's largest discount store, seeks vendors to supply products made exclusively for its stores.
D) Ground beef producers seek to purchase cattle from ranchers.
C
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The impact of an increase in government purchases may be smaller than first assumed (in the crowding out effect) because: a. As the new spending takes place, income and real GDP will rise which will cause households and firms to increase their demand for money to accommodate increased buying and selling. b. The increase in the demand for money will cause the interest rate to rise
c. As a result of the higher interest rate, consumers may decide against buying a car, a home, or other interest sensitive goods, and businesses may cancel or scale back plans to expand or buy new capital equipment. d. All of the above
Gross domestic product (GDP) measures and reports output:
A. as an index number. B. in percentage terms. C. in dollar amounts and percentage growth. D. in quantities of physical units (for example, pounds, gallons, and bushels).