The position of a cartel will become weaker if there is ________ excess-capacity among the firms belonging to the cartel
A) minimum
B) no
C) zero
D) high
D
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How is it possible for consumption expenditure to be positive even when disposable income is zero?
What will be an ideal response?
The cost of an action is
A) indeterminate from a strictly economic point of view. B) the value of the next-best alternative opportunity sacrificed C) the cost to the consumer plus the cost to the producer. D) the number of consumers needed to set the price. E) measured only in money.
Like other major government programs, an individual knows his contributions to Social Security from the information on his W-2 form
a. True b. False
Scholarly estimates of the effects of immigration on the average American wage range from:
A. -5 to -2 percent. B. +2 to +3 percent. C. -5 to +3 percent. D. -3 to +2 percent.