Give two examples of legal actions against price fixing among firms
What will be an ideal response?
Several recent examples are: (a) Between 2008 and 2010, five manufactures of liquid crystal displays were fined for fixing the price of displays they sold to Dell. (b) In 2009, three international cargo airlines were fined with conspiring to fix international cargo airfare rates. (c) In 2012, nine auto parts makers were fined for conspiring to fix the price of automobile heater control panels. Eleven corporate officers received jail time.
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Critics of the "limits to growth" thesis argue that:
A. clean air and water is a luxury good and the more economically developed a country becomes the easier it will be to keep the environment clean. B. economic growth will always take the form of more of what we have now, rather than newer, better, and cleaner goods and services. C. the market is not capable of adjusting to shortages of resources. D. government action spurred by political pressure is the best way to avoid the depletion of natural resources and pollution of the environment that results from economic growth.
If the Fed is concerned about inflation, its actions ________ long-term interest rates so that investment ________ and net exports ________
A) lower; increases; decrease B) raise; decreases; decrease C) lower; increases; increase D) raise; increases; increase E) lower; decreases; decrease
A small country is an international borrower and its domestic supply of loanable funds increases. Consequently, the equilibrium quantity of loanable funds used in the country ________ and the country's international borrowing ________
A) does not change; decreases B) does not change; does not change C) does not change; increases D) increases; does not change
Torrie is thinking of starting up a small business selling hand-painted wine glasses. She is considering setting up her business as a sole proprietorship. What is one advantage to Torrie of setting up her business as a sole proprietorship?
A) As a sole proprietor, Torrie would have the ability to share risk with shareholders. B) As a sole proprietor, Torrie would face limited liability. C) As a sole proprietor, Torrie would have both ownership and control over the business. D) All of the above would be advantages of setting up her business as a sole proprietorship.