________: cooperative pool formed by oligopolists to set artificially high prices
Fill in the blank(s) with correct word
Cartel
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What is the shape of the labor supply curve implied by the following statements?
a. "I'm sorry, kids, but now that I'm earning more, I just can't afford to come home early in the afternoon, so I won't be here when you get home from school." b. "They can pay me a lot or they can pay me a little. I'll still put in my 8 hours a day." c. "Now that I have received a salary increase, I am going to work 36 hours instead of 40 hours a week"
What are the information costs faced by savers?
What will be an ideal response?
A point on a nation's production possibilities curve represents
A. The full employment of resources to achieve a particular combination of goods and services. B. Combinations of production that are unattainable, given current technology and resources. C. An undesirable combination of goods and services. D. Levels of production that will cause both unemployment and inflation.
The coupon rate of a bond is equal to
A) the coupon payment. B) the interest payment. C) the interest rate. D) the face value.