When firms in an industry reach an agreement to fix prices, divide up market share, or otherwise restrict competition, they are practicing the strategy of:
A. Inter industry competition
B. Limit pricing
C. Price leadership
D. Collusion
D. Collusion
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Fiscal policy under the Reagan administration was intended to: a. stimulate the economy by decreasing taxes in order to increase consumption
b. increase tax revenues by increasing the tax rate. c. balance the budget by increasing defense spending and increasing taxes. d. stimulate the economy by decreasing taxes in order to increase aggregate supply. e. stimulate the economy by increasing government spending in order to increase aggregate supply.
In 2016, interest payments on the national debt accounted for almost _____ of federal outlays
a. 7 percent b. 25 percent c. 14 percent d. 52 percent e. 40 percent
A firm that can afford to buy capital out of retained earnings without borrowing
a) is indifferent to interest rates b) invests more as interest rates rise c) invests less as interest rates rise d) is indifferent to the marginal product of capital e) has an increasing marginal product of capital
When using the present value of lost earnings as your measure of the cost associated with a person's lost life, you will find that people
A. who do more socially useful work are valued the most. B. with the most friends are valued the most. C. who work the hardest are valued the most. D. whose earnings are the highest are valued the most.