The goal of a cartel is to
A. increase industry supply.
B. maximize industry profits.
C. increase competition among members.
D. none of these.
Answer: B
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If the risk of buying U.S. assets rises because it is discovered that lending institutions had not carefully evaluated borrowers prior to lending them funds, then
a. net capital outflow and the real exchange rate will rise. b. net capital outflow will rise and the real exchange rate will fall. c. net capital outflow will fall and the real exchange rate will rise. d. net capital outflow and the exchange rate will fall.
Checkable deposits are funds immediately available from all of the following EXCEPT
A. banks. B. savings and loans. C. credit card companies. D. savings banks.
The full-employment level of GDP is
A. endowments. B. long-run aggregate supply. C. economic growth. D. long-run aggregate demand.
The graph below shows two indifference curves and QR and QS represent different budget lines. A change in the equilibrium position on the diagram from point 1 to point 2 could result, other things being equal, from:
A. An increase in the price of B
B. A decrease in the price of A
C. A decrease in the consumer's money income
D. An equal percentage increase in the consumer's money income and in the price of B