Alpha, Beta, and Gamma are in an oligopoly. Rogue and Pulty are two of the key suppliers to the industry. Which action helps strengthen the oligopoly?
a. Beta purchases Rogue during a vertical merger.
b. Pulty raises the prices for the goods its supplies.
c. Gamma switches its supplier contract from Rogue to Pulty.
d. Alpha agrees to use Rogue as its sole supplier.
a. Beta purchases Rogue during a vertical merger.
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Although it may be difficult to draw causal relationships, still statistical evidence shows that, over time,
a. there is no relationship between levels of saving and economic growth b. there is an inverse relationship between levels of saving and economic growth c. higher levels of saving are associated with lower levels of economic growth d. lower levels of saving are associated with lower levels of economic growth e. lower levels of saving are associated with higher levels of economic growth
In economics, the term for a person who reduces transaction costs by arranging trades for buyers and sellers is
a. an exchange broker. b. a middleman. c. a transactions specialist. d. an opportunity finder.
Suppose a country has a national debt of $2,000 billion, a GDP of $28,000 billion, and a budget deficit of $115 billion. How much will its new national debt be?
A) $2,115 billion B) $1,885 billion C) $28,115 billion D) $25,885 billion
Answer the following questions true (T) or false (F)
1. Monetary policy is conducted by the U.S. Treasury Department. 2. Maintaining a strong dollar in international currency markets is not one of the four monetary policy goals of the Fed listed in the textbook. 3. The Fed can directly lower the inflation rate.