Category: Economics

Item 5 10 points
The oligopoly model in which each firm assumes that rivals will continue to produce at their current output levels is called the
Multiple Choice
Cournot model.
Bertrand model.
Stackelberg model.
Chamberlin model.

➤ How does a POS process card payments?
A POS processes a card payment by capturing card data at the terminal, encrypting or tokenizing it, and sending it to a payment gateway or processor. The processor forwards the request to the issuing bank for authorization. The bank responds with approval or decline, and the POS completes the sale and queues transactions for settlement into the merchant account.

When does horizontal integration occur?
Question 7
Answer a.
When a firm acquires or merges with an unrelated business
When a firm acquires or merges with a supplier firm
When a company acquires or merges with another company in the same industry
When a firm acquires or merges with a distributor

➤ What does the Norris-LaGuardia Act generally prohibit?
The Norris-LaGuardia Act bars federal courts from issuing injunctions in most nonviolent labor disputes. It also makes yellow-dog antiunion agreements unenforceable and limits employers’ use of courts to restrain peaceful, concerted worker activity. The law supports freedom of association and collective bargaining in nonviolent industrial conflicts.

Question 16 (1 point)While Ben was deciding whether or not to keep his job or take a new one, Ben was comparing things like; the nature of the work, opportunity for personal growth, and recognition.According to Herzberg’s theory, Ben was considering factors known as:MotivatorsHygieneEnrichment

Some economists contend that in-kind transfers should be included in the calculation of an individual’s income because
Question 59 options:
1) in-kind items do not cost anything.
2) simple money income is a complete measure of one’s command over goods and services.
3) in-kind items make a person