An arrangement between firms whereby decision-making is controlled by a board of trustees is known as:
A. a trust.
B. a compact between industry and government.
C. predatory pricing.
D. a merger.
Answer: A
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For a seller who is a price taker, marginal revenue is always
A) less than marginal cost. B) more than marginal cost. C) the same as marginal cost. D) less than price. E) the same as price.
Which of the following is the most accurate statement about the Native Americans during the colonial period?
a. There is a strong consensus among historians about the size of the Native American population at the time of arrival of the first European settlers. b. Native Americans rarely formed trading alliances with the European settlers. c. The significant deterioration of the Native American population occurred after 1825, when the US started to expand to the west. d. The susceptibility to disease was one of the primary reasons the Native American population declined.
Suppose that equilibrium in the dollar-pound market occurs where 300 million pounds are demanded at a price of $1.65 per pound. If the current exchange rate is $1.80 per pound, there is will be a(n)
a. rightward movement along the supply of British pounds curve b. leftward movement along the supply of British pounds curve c. rightward shift of the supply of British pounds curve d. leftward shift of the supply of British pounds curve e. increase in the exchange rate
the multiplier effect
What will be an ideal response?