Which of the following is most likely to occur if a cartel does not find an acceptable way to allocate sales among its members?
A) Output will decrease.
B) Prices will rise.
C) Selling costs will increase.
D) The marginal costs of individual members will rise above their marginal revenue.
C
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Which of the following is not a nonsensical headline?
a. British perpetuities about to mature. b. Disney issues new bonds with term of 7 percent. c. Corporate bonds currently pay higher interest rates than government bonds. d. Standard and Poor's judges new junk bond to have very low credit risk.
Basically the United States' high rate of population growth since the time of George Washington's presidency
A. has been a drag on the United States' rate of economic growth. B. pushed up the United States' rate of unemployment. C. created a growing problem of not enough food to feed everyone. D. provided a market for the United States' farmers and manufacturers.
All of the following would be included in planned aggregate expenditure EXCEPT:
A. sales to foreigners of domestically-produced goods. B. social security payments. C. planned changes in inventories. D. purchases of services provided by government employees.
A fixed exchange rate system crisis may be accompanied or followed by
A) unexpected gains of international reserves. B) revaluation of a currency. C) devaluation of a currency. D) deflationary pressures within the country.