The best threat is on
a. You always have to carry out
b. You must always carry out
c. You sometimes have to carry out
d. You never have to carry out
d
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The Fed's policy is determined by the
A) Federal Open Market Committee. B) Executive Council to the Governor. C) Regional Federal Reserve Banks. D) Board of Governors. E) Federal Monetary Policy Committee.
Cartels are typically subject to cheating by their members because
A) if the other firms stick to the agreement, a firm can increase its profits by cutting its price. B) barriers to entry do not exist so new entrants will join. C) the U.S. Justice Department will punish any cartel agreement before the cartel has had a chance to operate. D) product differentiation allows the firms in the cartel to cheat.
The ability of a monopoly to charge a price that exceeds marginal cost depends on the
A) price elasticity of supply. B) price elasticity of demand. C) slope of the demand curve. D) shape of the marginal cost curve.
On a graph with x on the horizontal axis and y on the vertical axis, the origin is
a. the point where x = 0 and y = 0 b. any point where x = 0 c. any point where y = 0 d. where a curve intersects the vertical axis e. where a curve intersects the horizontal axis