Two firms in an oligopoly can always do better if one firm buys the other.
Answer the following statement true (T) or false (F)
True
Rationale: This becomes the most effective way of forming a cartel.
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During the recessions of 2001 and 2008-09,
A) all measures of the unemployment rate (U-1 through U-6 ) increased. B) only the broader measures of the unemployment rate increased. C) only the narrower measures of the unemployment rate increased. D) the labor force participation rate for women increased. E) the labor force participation rate for men increased.
If the tariff on computers is not changed, but the government then adds hitherto nonexistent tariffs on imported semi-conductor components, then the effective rate of protection in the computer industry will
A) increase. B) decrease. C) remain the same. D) depend on whether computers are PCs or "Supercomputers." E) no longer apply.
Fiscal policy is the manipulation of government spending and taxes
a. True b. False Indicate whether the statement is true or false
Economists believe that the goal of environmental policy should be zero pollution
a. True b. False Indicate whether the statement is true or false