Refer to the scenario above. Which country has the lowest income per capita?
A) Ritzland B) Techland C) Eduland D) Neoland
D
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Price leadership is a form of explicit collusion where one firm in an oligopoly announces a price change and expects all other firms to follow suit
Indicate whether the statement is true or false
The Fed's mostly used tool for changing the size of the money supply is
A. its power to change the discount rate. B. its power to change legal minimum reserve requirements. C. open market operations. D. changing the size of the government budget deficit.
As price falls, quantity demanded
A. rises. B. falls. C. remains the same.
Which of the following would be likely to increase the doubling time for an economy's real GDP?
A. government policies improve the health of the population B. the rate of population growth slows C. an increase in the technology used for producing goods and services D. better education increases the productivity of workers