Limits to collusion include
a. price discrimination
b. economies of scale
c. horizontal market demand curves
d. high prices
e. incentives to cheat on the collusive agreement
E
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Reducing business taxes or providing specific investment incentives can shift the demand for loanable funds curve
a. rightward, slow the growth of the capital stock, and improve the standard of living b. rightward, speed the growth of the capital stock, and improve the standard of living c. leftward, speed the growth of the capital stock, and reduce the standard of living d. rightward, speed the growth of the capital stock, and reduce the standard of living e. leftward, slow the growth of the capital stock, and reduce the standard of living
A domestic spending shock is likely to be least disruptive under a
A. fixed exchange-rate system when there is high capital mobility. B. floating exchange-rate system when there is low capital mobility. C. fixed exchange-rate system without sterilization. D. floating exchange-rate system when there is high capital mobility.
The supply curve of a good is highly elastic when
A) additional resources can be attracted into its production by the prospect of a slightly higher reward. B) its marginal supply cost is highly sensitive to changes in demand. C) marginal cost is very low. D) marginal cost rises steeply as the quantity supplied increases. E) the demand for the good is greater than the supply.
In the above figure, the equilibrium level of labor is
A) 100 billion hours. B) 150 billion hours. C) 200 billion hours. D) none of the above