In 1961, seven companies in the ___________ industry were found guilty by the Supreme Court of illegal price-fixing and market-sharing agreements.
Fill in the blank(s) with the appropriate word(s).
electric machinery
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Which of the following is definitely true for a per-unit tax in the goods market where neither demand nor supply is perfectly inelastic:
A. The more price inelastic demand is, the lower deadweight loss will be. B. The more price inelastic supply is, the higher deadweight loss will be. C. A demand become more price inelastic, the after tax price for consumers rises. D. Both (a) and (b) E. Both (b) and (c) F. Both (a) and (c) G. All of the above H. None of the above
Given the currencies below, which was not replaced by the Euro?
A) German mark B) Irish pound C) British pound D) French franc
If issues can be ranked along a one-dimensional continuum, a successful political candidate will be an individual who is best able to align her political platform to the positions of the median voter
a. True b. False
A price index number
a. is really a percentage. b. indicates the extent of change in prices over some period of time. c. is always greater than 100 if prices have risen during the period in question. d. All of these.