A price-and-quantity-fixing agreement is known as
A. price leadership.
B. collusion.
C. game theory.
D. price concentration.
Answer: B
Economics
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Approximately what percentage of the world population experiences scarcity?
A) 33% B) 50% C) 66% D) 100%
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Dividing the number of people unemployed by the civilian labor force gives us
A) the employment rate. B) the unemployment rate. C) the labor force participation rate. D) none of the above.
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The degree that PPP may hold in the short- or in the long-run is very much related to the choice of an exchange rate regime
Indicate whether the statement is true or false
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The most basic concept of economics is
A) self-interest. B) scarcity. C) demand. D) rationality.
Economics