Sky-High Skywriters raises its price, and the other four firms in the industry raise their prices in response. Coordination in this industry is accomplished by
A. Predatory pricing.
B. Price leadership.
C. Retaliation.
D. Price-fixing.
Answer: B
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Compared to England, the 19th century American manufacturing labor force was:
a. less likely to unionize. b. less mobile. c. less accepting of technological change in the workplace. d. less productive.
Over the past century in the U.S., what has been federal government revenue as a percentage of GDP? What has been state and local government revenue as a percentage of GDP?
Aggregate demand is the:
A. Total quantity of output demanded at alternative price levels. B. Total quantity of output demanded but only at full employment. C. Quantity of goods demanded by the largest corporations in the country. D. Quantity of new goods and services produced.
If August futures for a commodity are currently trading at $9.30/bu, and you expect the basis in July to be $0.25/bu under the August futures, then you expect the July cash price to be:
A. $9.05/bushel under August B. $9.55/bushel over August C. $9.05/bushel D. $9.55/bushel