The long run success of a collusion
a. Is limited by ease of entry into the industry
b. Is enhanced by ease of entry into the industry.
c. Is unaffected by the ease of entry into the industry.
d. Could be either limited by or enhanced by ease of entry into the industry.
a
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How would each of the following events likely change measured GDP?
a. The sale and use of marijuana is legalized. b. There is an increase in sales of counterfeit video games. c. A foreign-owned furniture manufacturer opens a production facility in South Carolina. d. More people choose to forgo their lawn maintenance services to take care of their own yards.
The argument that consumers will not be willing to pay any more for two items sold as one than they would for the two items sold separately is used to justify the legality of which of the following?
a. resale price maintenance b. tying c. predatory pricing d. free-riding
The Fed can change the federal funds rate by issuing an order, but it cannot change the discount rate this way
Indicate whether the statement is true or false
Automatic stabilizers are government programs that:
A. exaggerate the ups and downs in aggregate demand without legislative action. B. bring expenditures and revenues automatically into balance without legislative action. C. shift the budget toward a deficit when the economy slows but shift it toward a surplus during an expansion. D. increase tax collections automatically during a recession.