Which of the following is a legal way to reduce the price problems oligopolies face?
A. Collusion
B. Formation of cartels
C. Price leadership
D. Merging to become monopolists
C. Price leadership
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Refer to the table above. If Bob earns $105,000 per annum, he has to pay a tax of approximately ________
A) $6,400 B) $12,600 C) $18,675 D) $19,600
If the central bank can act as a lender of last resort during a banking panic, banks can
A) encourage the public to borrow directly from the central bank, and this will worsen the banking panic. B) satisfy customer withdrawal needs and eventually restore the public's faith in the banking system. C) borrow more and more money from the central bank, and this will lower its reserves and decrease the public's faith in the banking system. D) call in their loans to their customers and eventually restore the public's faith in the banking system.
All of the following are surplus items in the balance of payments EXCEPT
A) purchases of foreign assets. B) exports of merchandise. C) foreign tourist expenditures. D) funds deposited in this country by foreign residents.
Which of the following individuals is NOT counted as unemployed?
A. Jennifer, who just graduated from college and is now seeking employment with the company of her dreams. B. Jackie, who was recently fired and is now applying for another job C. Jack, who has become discouraged about ever finding a job and has stopped looking D. Jamil, who recently quit his job and is looking for a new position