A cartel is a form of
A) collusion.
B) vertical merger.
C) noncooperative competition.
D) negative sum game.
A
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In modern economies
A) some prices are very flexible while others are not. B) no prices are very flexible. C) all prices are very flexible. D) prices become less flexible as they increase.
Only about ____ of families eat together daily, meaning one meal or more a day
a. 10% b. 25% c. 43% d. 76%
Which of the following statements best describes structural economic change?
a. Fiscal policy can increase overall demand, but the process of structural economic change happens more rapidly. b. Fiscal policy can increase overall demand, but the process of structural economic change inevitably takes time. c. Fiscal policy can determine the rate at which structural economic change occurs. d. Fiscal policy can increase both overall demand and create structural economic change simultaneously.
All else equal, less investment takes place at
A. higher market interest rates. B. lower expected rates of return. C. lower market interest rates. D. lower real interest rates.