Tacit collusion is
a. collusion which is carried out without any explicit agreement among firms.
b. collusion about tacits, rather than strategy.
c. agreements which are sponsored by government.
d. similar to pure competition.
a
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Suppose two economies, the United States and Saudi Arabia, each have a GDP of $1,000 . A U.S. war effort involves the purchase of $100 of Saudi oil, which is financed by selling $100 worth of U.S. government bonds to Saudi Arabia. In subsequent years, GDP remains at $1,000 for each country and the United States imposes a $10 tax to make its debt payments to the Saudis. Now while the United States
is still debt obligated, a. U.S. consumption is $1,000 and Saudi consumption is $1,000 b. U.S. consumption is $990 and Saudi consumption is $990 c. U.S. consumption is $1,010 and Saudi consumption is $990 d. U.S. consumption is $1,000 and Saudi consumption is $1,010 e. U.S. consumption is $990 and Saudi consumption is $1,010
Which of the following changes would increase the present value of a future payment?
a. a decrease in the size of the payment b. an increase in the time until the payment is made c. a decrease in the interest rate d. All of the above are correct.
Assume the U.S. government wants to hold the value of the dollar at $1.00 U.S. equals 7 Chinese yuan, but it finds that the value of yuan is depreciating against the U.S. dollar. What would be an appropriate policy to reverse this trend?
A. Increase the money supply in the U.S. B. Increase government spending within the U.S. C. Sell U.S. dollars. D. Buy U.S. dollars.
Suppose the production function is q = 12 L0.25K0.75. Determine the long-run capital-to-labor ratio (K/L) if the cost a unit of capital (r) is three times the cost of a unit of labor (w)
What will be an ideal response?