Which of the following is an aim of a price-fixing agreement?
a. Reducing entry barriers
b. Increasing profit
c. Reducing price
d. Increasing demand
B
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The figure above shows Ilene's budget line. The price of a can of cat food is $2. Ilene's income per week is
A) $10. B) $40. C) $56. D) $160.
Refer to the accompanying figure. The absolute value of the slope of the demand curve D1 is ________, and the absolute value of the slope of demand curve D2 is ________.
A. 5/4; 4/5 B. 4/5; 5/4 C. 1/2; 2 D. 2; 1/2
Collective bargaining is a process used by unions and management to settle upon the terms of a labor contract.
Answer the following statement true (T) or false (F)
Refer to the given figure.
If the Federal Reserve wants to set the nominal interest rate at 9 percent, it must conduct open market ________ to set the money supply at ________.
A. sales; 900 B. sales; 100 C. purchases; 900 D. purchases; 100