B) France
C) United States
D) Japan
A. $0.
B. $8.
C. $11.
D. $15.
Answer: D
To be successful, a cartel must
a. find a way to encourage members to produce more than they would otherwise produce. b. agree on the total level of production for the cartel, but they need not agree on the amount produced by each member. c. agree on the total level of production and on the amount produced by each member. d. agree on the prices charged by each member, but they need not agree on amounts produced.
Which country has the highest per capita health care expenditures in the world?
Figure 7.5The consumer must decide how to split $20 between spending and saving.Refer to Figure 7.5. If the consumer uses cognition to offset present bias, he/she will maximize utility by ________ consumption and ________ saving.
A. increasing; increasing B. increasing; decreasing C. decreasing; increasing D. decreasing; decreasing
What does the term "marginal" mean in economics?
A) the edge of a market B) an additional or extra C) illegal D) secondary E) trivial