Hotels R Us and Hotel Supply are two hotel toiletry suppliers that are competing with each other. If Hotels R Us announces an upcoming price change next month, it may be signaling to Hotel Supply its intent to engage in ________.
A) a Cournot oligopoly
B) a Stackelberg oligopoly
C) tacit collusion
D) a Chamberlin oligop
C) tacit collusion
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Regardless of whether goods are inferior or normal, the deadweight loss from a per-unit tax is always greater the more price elastic the market demand curve for a good.
Answer the following statement true (T) or false (F)
By the early sixteenth century, the center of wealth and commerce of Europe had shifted:
a. from the Baltic to the Mediterranean. b. from the Mediterranean to the Atlantic. c. from Italy to North Africa. d. from France to Africa.
The federal funds rate is:
a. the minimum amount of reserves the Fed requires a bank to hold. b. the interest rate that the Fed charges banks who borrow from it. c. the interest rate on loans made by banks to other banks d. the maximum percentage of the cost of a stock that can be borrowed from a bank, with the stock offered as collateral. e. an appeal by the Fed to banks, asking for voluntary compliance with the Fed's wishes.
If the nominal interest rate decreases:
A. the velocity of money should increase. B. the cost of holding money increases. C. the cost of holding money decreases. D. the cost of holding money increases and the velocity of money should decrease.