You are the manager of a nail salon you believe one of your suppliers is engaged in cartel activity. As the manager, you ________ an incentive to report the behavior because your nail salon can ________.
A) do not have; receive treble damages
B) do not have; have to pay whistle-blower fees
C) have; receive treble damages
D) have; have to pay whistle -blower fees
C) have; receive treble damages
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In econometrics, we typically do not rely on exact or finite sample distributions because
A) we have approximately an infinite number of observations (think of re-sampling). B) variables typically are normally distributed. C) the covariances of Yi, Yj are typically not zero. D) asymptotic distributions can be counted on to provide good approximations to the exact sampling distribution (given the number of observations available in most cases).
In the short run, how will a profit-maximizing monopolist react if its marginal cost suddenly increases? It will
a. lower price to expand revenue possibilities b. restrict output to extract a higher price from customers c. maintain the current price if profit is still positive d. increase plant size to lower marginal cost e. decrease plant size to lower marginal cost
To prevent inflation caused by holding so much foreign currency, China must
A. Allow a floating yuan to cause it to appreciate. B. Allow the dollar to float. C. Allow the yuan to float with supply and demand and cause it to depreciate. D. Fix its exchange rate lower.
Using Figure 1 above, if the aggregate demand curve shifts from AD3 to AD2 the result in the long run would be:
A. P1 and Y2. B. P2 and Y1. C. P3 and Y1. D. P3 and Y2.