Author Question: Officers of five large building-materials companies meet and agree than none of them will submit ... (Read 52 times)

nmorano1 · **on:** Jun 30, 2018

Officers of five large building-materials companies meet and agree than none of them will submit bids on government contracts lower than an agreed-upon level. This is an example of:
a. price fixing.
b. vertical restriction.
c. a tying contract.
d. an interlocking directorate.

Question 2

Researchers believe that the economy grows at least one percentage point less annually when:
a. the ratio of public debt to GDP exceeds 90 percent for at least five years in a row.
b. the ratio of public debt to GDP exceeds 50 percent for at least two years in a row.
c. the growth rate of population falls for at least five years in a row.
d. the rate of inflation is below 4 percent for at least two years in a row.
e. the growth rate of real interest rates falls for at least five years in a row.