Which of the following companies was not fined in 2011 for attempting to run an international cartel and fix prices?
A. Intel.
B. Danfoss.
C. Panasonic.
D. Whirlpool.
Answer: A
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According to new classical school of economics, the aggregate supply curve is:
a. horizontal in both the short run and the long run. b. vertical in the short run and upward-sloping in the long run. c. upward-sloping in both the short run and the long run. d. vertical in both the short run and the long run. e. upward-sloping in the short run and vertical in the long run.
An economy's production of two goods is efficient if
a. all members of society consume equal portions of the goods. b. the goods are produced using only some of society's available resources. c. it is impossible to produce more of one good without producing less of the other. d. the opportunity cost of producing more of one good is zero.
Hyperinflations are associated with governments printing money to finance expenditures
a. True b. False Indicate whether the statement is true or false
Recall the Application about the free-agent market for professional baseball pitchers to answer the following question(s).Recall the Application. Why is there adverse selection in the baseball pitcher free-agent market?
What will be an ideal response?