Officers of five large building-materials companies meet and ...

[nmorano1]

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.

[Gabe]

Answer to Question 1

a

Answer to Question 2

a

[nmorano1]

TYSM

[covalentbond]

Excellent