We would expect a cartel to achieve:
A. both allocative efficiency and productive efficiency.
B. allocative efficiency but not productive efficiency.
C. productive efficiency but not allocative efficiency.
D. neither allocative efficiency nor productive efficiency.
Answer: D
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The least liquid of the assets listed below is:
a. real estate b. currency. c. traveler's checks. d. oil. e. checkable deposits.
Tax cuts and increased income transfers have the same fiscal stimulus, dollar for dollar.
Answer the following statement true (T) or false (F)
Expansionary monetary policy definitely lowers the exchange rate.
Answer the following statement true (T) or false (F)
Which of the following is NOT a characteristic of a corporation?
A. limited liability for shareholders B. limited ability to raise capital funds C. separation of ownership problems D. double taxation