An association of producers in an industry that agree to set common prices and output quotas to prevent competition is
A) a tariff.
B) a patent.
C) economies of scale.
D) a cartel.
D
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Which of the following is an example of monitoring and enforcement costs?
A) Isabel knows that other neighbors' sleep patterns must also be affected by the howling dogs in her neighborhood and sets out to find those neighbors. B) Isabel is bound and determined to to find out which of her neighbors owns the howling dogs that are preventing her from getting a full night's slee
In the years when the U.S. economy was in debt, the economic growth of the country was significant because it had easy access to capital markets
a. True b. False Indicate whether the statement is true or false
Investment, as a part of GDP, includes:
A. spending on productive inputs such as stocks, bonds, and other types of financial instruments. B. any goods that are bought by firms who plan to use those purchases to produce other goods and services in the future, rather than consuming them. C. consumption goods that are purchased by households. D. any item you buy that you are looking for a return on over time.
Per capita output is a measure of economic welfare of a country.
Answer the following statement true (T) or false (F)