Cheaters in cartels make ________ profit when the other cartel members ________ their promise.

Fill in the blank(s) with the appropriate word(s).


Answer: more; keep

Economics

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The total number of governments in the United States has increased since 1972

a. True b. False

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In the context of stock markets, “the tail wags the dog” means that a failure of the stock market can drag down the entire economy.

Answer the following statement true (T) or false (F)

Economics

Consider the opportunity costs of producing goods X and Y that are listed for the four individuals above. Which person has a comparative advantage in producing good X?

A) Pramilla B) Sam C) George D) Lucas

Economics

President Bigego is running for re-election against Senator Pander. Bigego proclaims that more people are working now than when he took office. Pander says that the unemployment rate is higher now than when Bigego took office. You conclude that

a. one of them must be lying. b. both of them could be telling the truth if the labor force, and employment grew at the same rate. c. both of them could be telling the truth if the labor force grew slower than employment. d. both of them could be telling the truth if the labor force grew faster than employment.

Economics