________ occurs when price- and quantity-fixing agreements among producers are implicit.
A. A price-leadership model
B. A Cournot model
C. A monopoly
D. Tacit collusion
Answer: D
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Refer to Figure 7-2. Without the tariff in place, the United States consumes
A) 12 million pounds of coffee. B) 26 million pounds of coffee. C) 33 million pounds of coffee. D) 45 million pounds of coffee.
China runs a current account surplus with the United States. Which of the following must be true about China's balance of payments with the United States?
A) Its net exports must be negative. B) It must run a financial account deficit. C) Its balance of payments must run a deficit. D) Its balance of trade must be in deficit.
Using Table 6.1, from the 1982-1984 base to 2003, prices increased 
A. 84.3 times. B. by 84.3 dollars per week on monthly bills. C. 184.3%. D. 84.3%.
Refer to the information provided in Table 23.6 below to answer the question(s) that follow.
Table 23.6A Hypothetical Investment Schedule
Refer to Table 23.6. If the interest rate dropped from 15% to 6%, planned investment would ________ by $________ billion.
A. decrease; 90 B. increase; 270 C. decrease; 270 D. increase; 90