A commodity that buyers and sellers both have will increase the efficiency of the market
Indicate whether the statement is true or false.
Answer: False
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Explain what a cartel is and the difficulties faced in maintaining a cartel
What will be an ideal response?
The bid price for a bond quote is:
A. determined solely by the time left to maturity. B. the price at which the bond dealer is willing to sell the bond. C. fixed over the life of a bond. D. the price at which the bond dealer is willing to purchase the bond.
When Germany increased fiscal spending and raised interest rates in the early 1990s,
A) economic growth increased throughout Europe. B) other countries were forced to raise interest rates to stay in the ERM. C) it was unsuccessful in supporting East Germany. D) it forced other countries to devalue their currencies.
Which of the following goods probably has the lowest (absolute value) short-run price elasticity of demand?
A) fresh fruit B) frozen dinners C) cars D) refrigerators