When competitors reach an agreement with one another about the quantities they will produce in order to keep profits high, they have engaged in:
A. price fixing.
B. quantity fixing.
C. profit fixing.
D. tacit collusion.
C. profit fixing.
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Which of the following is NOT a flow variable?
A) saving B) consumption C) investment D) savings
A motive for FDI includes
A) the extraction of natural resources. B) a multinational corporation attempting to jump over trade restrictions. C) high transportation costs. D) All of the above
Please refer to the following diagram. 
A horizontal interpretation of the demand curve for a product
A. stipulates price as the independent variable in the price quantity relationship. B. indicates that a buyer can buy all she/he wants to buy at a given price. C. indicates that a seller can sell all he/she wants to sell at the given price. D. tells what prices would be required to sell various quantities of output.
Why does price discrimination work in the sale of seats to children and adults at baseball games, but not to the sale of food at concession stands to children and adults at baseball games?
What will be an ideal response?