Forming a cartel is illegal in _____
a. the United States
b. Canada
c. India
d. Australia
a
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A change in the quantity demanded of a product is the result of a change in
A) consumer income. B) the price of the product. C) the cost of producing the product. D) the price of related goods.
An inward shift of a nation's production possibilities frontier can occur due to
A) a natural disaster like a hurricane or bad earthquake. B) an increase in the labor force. C) a change in the amounts of one good desired. D) a reduction in unemployment.
An increase in aggregate demand is most likely to be caused by an increase in:
a. Interest rates for home mortgages b. government regulations on business firms c. consumer confidence d. taxes on households
Financial regulators set capital requirements for banks. One characteristic about these requirements is:
A. the riskier the asset holdings of a bank, the more capital it will be required to have. B. the amount of capital required is inversely related to the amount of assets the bank owns. C. every bank will have to hold the same level. D. the more branches a bank has, the more capital it must have.