A firm could gain from cheating on a cartel agreement by doing all of the following except:
A) raising its price above the agreed level.
B) lowering its price below the agreed level.
C) selling more than its agreed quota.
D) increasing production.
A
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Proponents of Fed independence maintain that
a. independence helps ensure low unemployment rates. b. money is too important to be left to the bankers. c. independence permits objective decisions not based on politics. d. only the Federal Reserve knows how to act wisely.
Direct controls
A. have not been tried in practice, but work in theory. B. have been the main instrument used by the United States when dealing with polluting activities. C. achieve more success than pollution charges. D. achieve more success than pollution allowances.
Consider the accompanying payoff matrix. 
What is player A's dominant strategy?
A. Left B. Down C. Right D. Up
When a car importer in the UK buys cars from Toyota made in Japan she pays with
A. gold. B. dollars. C. pounds. D. yen.