Barometric price leadership can occur when oligopolistic firms
A) compete on the basis of differentiated products.
B) want to avoid price competition and violating antitrust laws.
C) try to enforce cartel agreements.
D) All of the above
B
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Comparative advantage is directly related to which of the following concepts?
A) productivity B) efficiency C) opportunity cost D) competition E) fairness
The coupon rate is the
A) annual coupon payment divided by the face value of the bond. B) annual coupon payment divided by the market value of the bond. C) difference between the face value of the bond and its par value. D) coupon paid every 6 months divided by par value.
Economists call the idea that increases in government spending cause decreases in private investment
a. crowding out b. locking in c. the liquidity trap d. automatic stabilization e. the Phillips trade off
Between 1990 and 2007 our trade deficit
A. decreased substantially. B. remained about the same. C. almost doubled. D. more than quadrupled.