If the government stops enforcing its collusion laws and oligopolies are now able to collude, they will ________ the price charged and ________ the total output produced.
A. decrease; increase
B. decrease; decrease
C. increase; decrease
D. increase; increase
Answer: C
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According to the information in the table shown, if someone were earning $20,000 in Mexico, approximately what would he need to earn in the United States to enjoy the same amount of goods and services?
This table shows the price-level adjustment as compared to the United States.
A. $30,303
B. $35,000
C. $20,030
D. $15,000
The cash or concessions present in contract terms that parties agree to in order to share risks are called:
a. quid pro quos. b. property rights. c. flexible takes. d. contract prices.
Economists study poverty and income inequality to answer which of the following questions?
a. What are people's wages? b. How does labor-force experience affect wages? c. How much inequality is there in society? d. How do people adjust their behavior due to taxation?
Which of the following contributed to the financial crisis of 2008?
What will be an ideal response?