Which of the following is NOT a condition that helps enforce a cartel agreement?
A) a small number of firms
B) nearly homogeneous products
C) easily observable prices
D) large variation in input prices
D
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When you use a credit card to pay your tuition,
A) you've used the credit card as money because it is a means of payment. B) the credit card is not money but is an ID card for an instant loan. C) the credit card is not money because it involves an electronic transaction. D) the credit card is not money because it is not officially issued by the government. E) you've used the credit card as money because you received something in return.
Suppose that a typical German factory can produce 20 cameras or 1 computer in an hour, and that a typical American factory can produce 10 cameras or one computer in an hour
Germany wishes to purchase computers from the United States in exchange for cameras. What is the maximum number of cameras per computer that Germany would be willing to pay the United States? A) 10 cameras per computer B) 20 cameras per computer C) 1 camera per computer D) 2 cameras per computer
If a freeze destroys much of the crop of an agricultural nation, then
A) the desired investment curve would shift to the left. B) the desired investment curve would shift to the right. C) net foreign lending would increase. D) net foreign lending would decrease.
The technology-based effluent limitations
a. are not aligned with the nation's water quality objectives b. are motivated by what is feasible instead of by benefit-cost analysis c. are applied uniformly within designated industry groups d. all of the above e. (b) and (c) only