A cartel finds it difficult to act as a monopolist because the products sold by each firm in a cartel are slightly differentiated
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose the overall MPC is 0.75 and the marginal propensity to import is 0.25. A $4 billion increase in U.S. exports will lead to a ________ increase in GDP
A) $6 billion B) $8 billion C) $12 billion D) $16 billion
According to the Environmental Protection Agency, the total costs created by the Clean Air Act between 1970 and 1990 were about $500 billion. Their midrange estimate of the value of benefits from the Clean Air Act for the same time period was about:
a. half that amount. b. two-thirds of that amount. c. more than 40 times higher. d. almost 10 times higher.
The four key markets that coordinate the circular flow of income are
What will be an ideal response?
The curve that shows the relation between quality and firm value is:
A. a vertical line. B. in the shape of an inverted U. C. a flat line. D. U-shaped.