If a member of a cartel is the first to alert authorities to the cartel behavior, which of the following will occur to this member firm?
A) The firm will face both monetary fines and jail time.
B) The firm will not face monetary fines, but its managers will face jail time.
C) The firm will face monetary fines, but its managers will not face jail time.
D) The firm will not be penalized.
D) The firm will not be penalized.
You might also like to view...
Compared with a system of fixed exchange rates, currency unions are beneficial because they
A) restrict what countries can do with fiscal policy. B) allow exchange rates to float. C) allow every country to have an independent monetary policy. D) eliminate the possibility of speculative attacks.
The field of political economy
a. casts aside most of the standard methods of economic analysis. b. is also referred to as the field of public choice. c. is also referred to as the field of macroeconomics. d. produces the conclusion that democratic principles rarely lead to desirable economic outcomes.
According to the adaptive rationality standard, people might choose to have unselfish preferences because:
A. they do not know how to make efficient choices. B. people sometimes make irrational choices. C. they have no other choice. D. doing so could be in their own best interest.
If a nation is initially producing at a point on its production possibilities frontier, then it can increase its production of one good only by
A. decreasing the price of the other good. B. increasing the production of the other good. C. holding constant the production of the other good. D. decreasing the production of the other good.