When is price fixing among competitors not a violation of the antitrust laws?
A) Price fixing among competitors is always a violation of the antitrust law.
B) when a cartel can maximize profit without behaving like a monopoly
C) when price fixing leads to a more efficient outcome
D) when price fixing does not result in predatory pricing
A
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The consumption function will shift with
A) a decrease in real disposable income. B) a change in saving. C) a change in household wealth. D) an increase in real disposable income.
Suppose policy makers want to increase GDP by $450 billion. If the marginal propensity to consume is 0.9, by how much must government spending increase to achieve this target?
What will be an ideal response?
In the United States, the wealthiest 10 percent of households own about ________ of total wealth
A) 40 percent B) 66 percent C) 90 percent D) 55 percent
A flat tax
A. Includes multiple tax brackets. B. Encourages economic activity through deductions and credits. C. Is a single-rate tax system. D. Includes many tax loopholes.