Requiring government agencies to report which company had the lowest bid for a government contract and the level of the bid,
A) can help a cartel enforce its agreement.
B) can speed up the end of a cartel.
C) may foster competition.
D) may help a cartel to lower its price.
A
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In the real business cycle model, business cycles are
a. efficient and do not represent lost output. b. driven by technology shocks. c. occur when markets clear. d. all of the above. e. None of the above
What percentage of the non-farm labor force in the United States belonged to a labor union in 2012?
a. less than 10 percent b. approximately 11 percent c. approximately 28 percent d. more than 40 percent
The Endangered Species Act is an attempt to
A. protect endangered species from the overzealousness of many environmentalists. B. protect species endangered because there are no private property rights on them. C. protect endangered species against greedy loggers, farmers, and business people. D. prevent some people from earning a good living.
Since 1970, the U.S. economy has experienced 2 recessions.
Answer the following statement true (T) or false (F)