Which of these is true of political coalitions?
A. Members of a political coalition are usually risk-averse.
B. Political coalitions are synonymous to political regulations.
C. Political coalitions are similar to the coalitions formed between oligopolistic firms.
D. Members of a political coalition are usually risk lovers.
Answer: A
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A multilateral real exchange rate is the
A) government exchange rate. B) index based on the average of the real exchange rates with all other countries in the world. C) adjusted exchange rate. D) index based on the average of the real exchange rates with all U.S. trading partners.
If an individual earns $1,500 a month and spends it evenly throughout the month, transaction balances will average
A) $50 per month. B) $750 per month. C) $1500 per month. D) $3000 per month.
Which of these statements is generally accepted by economists? Perfect competition
A) provides both equity and efficiency. B) provides equity but not necessarily efficiency. C) provides efficiency but not necessarily equity. D) generally satisfies neither efficiency nor equity.
The conditions in which vertical relationships can enhance a firm's ability to price discriminate include
a. the manufacturer's product is of value to multiple types of customers b. the costs of arbitraging the price difference across markets is large c. the manufacturer acquires the distributer in the higher priced market d. competition provides little ability for the manufacturer to price above marginal cost