What is a company doing if it requires customers to buy multiple products from that company to obtain the one product that the customer truly wants?
(A) Practicing predatory pricing.
(B) Working around antitrust laws to gain control over the market.
(C) Engaging in nonprice competition.
(D) Using deregulation.
Ans: (B) Working around antitrust laws to gain control over the market.
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On a production possibilities frontier, the opportunity cost of one more unit of a commodity per time period is measured by the
a. monetary price of the commodity b. amount of the other commodity that must be sacrificed c. amount of unemployed resources that must be used d. amount of satisfaction it gives consumers e. amount of tax paid to government for production, sale, and use of the commodity
The natural rate of unemployment
a. is a temporary low rate that cannot be maintained. b. is fixed; it cannot be altered by public policy. c. is equal to the number of persons unemployed divided by the number in the labor force. d. is the unemployment rate accompanying the economy's maximum sustainable rate of output.