Price levels in the united states

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Reference no: EM132263078

1. Price levels in the United States are

a. set by cartels.

b. set by the U.S. Justice department.

c. set by the respective companies.

d. determined by agreements among competitors.

2. Texas Tents, a U.S. firm, wants to stop parallel imports between Italy and Germany. Why might this be difficult to do?

a. None of the above

b. Italy applies the national exhaustion principle.

c. Germany applies the national exhaustion principle.

d. The U.S. applies the national exhaustion principle.

3. Cell phone ads may be particularly successful in India because

a. All of the above.

b. literacy rates are high.

c. cellphone penetration is high compared to other electronic media.

d. they are economical.

4. Reclassifying a product may be a way to

a. encourage cartelling.

b. lessen tariffs costs.

c. discourage parallel imports.

d. lessen transportation costs.

Reference no: EM132263078

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