What is a key weakness of cartels?
a. Member cooperation tends to fail when there is a shortage of the cartel commodity.
b. Cartels are often broken up externally by more powerful actors, usually consumers.
c. Cartels are often deeply restricted by both international and domestic law.
d. Cartels make themselves more vulnerable than their consumers to price shocks caused by their own actions.
e. There is a tendency to cheat on production quotas when markets are soft and the price drops.
Answer: e
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In the global system, technology
a. can overcome obstacles and limitations imposed on states by the natural resources available to them. b. that exists in the system at any time is an important constraint on what is possible. c. can expand a menu limited by earth's resources. d. All of the above are true.
An interest group that emerges spontaneously and for a short duration to express opposition to or support for a particular policy is considered to be a(n) _________ interest group.
A. associational B. anomic C. non-associational D. institutional
A formal duty assigned to the Vice President by the Constitution is to
A) choose the secretary of state. B) preside over the House. C) call Cabinet meetings. D) preside over the Senate.
Approximately how old is the world economy?
a. 350 years old b. 500 years old c. 800 years old d. 1,500 years old