Building roads, power generators, and irrigation systems are projects that are referred to as
A. human capital.
B. social overhead capital.
C. physical capital.
D. financial capital.
Answer: B
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A group of firms that has entered into a collusive agreement to restrict output and increase prices and profits is called
A) a compliance. B) a cartel. C) an oligopoly. D) a duopoly.
Internal stress originates in:
a. The outside coming in, intruding b. One's own mind and body c. Acute stress d. On-going role playing, not being genuine
The Monetarists advocate the monetary rule in order to stabilize the business cycle which states that the money supply should be increased by a constant rate year after year
a. True b. False Indicate whether the statement is true or false
OPEC is able to raise the price of its product by
a. tying. b. setting production levels for each of its members. c. increasing the supply of oil above the competitive level. d. imposing resale price maintenance agreements on members.