Cross-subsidization implies that a loss from one product's sales will be made up by the profit from another product's sales
a. True
b. False
Indicate whether the statement is true or false
True
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If the Canadian dollar price of a United States dollar increases from C$0.80 to C$1.00, it can be concluded that ________.
A. the Canadian dollar has appreciated in value relative to the United States dollar B. the United States dollar has depreciated in value relative to the Canadian dollar C. the Canadian dollar has depreciated in value relative to the United States dollar D. both countries are on the international gold standard
A decrease in individual income taxes ________ disposable income, which ________ consumption spending
A) decreases; increases B) increases; increases C) increases; decreases D) decreases; decreases
Which of the following is true for a typical firm in a typical cartel?
a. "I can never do better for myself than by following agreed-upon cartel policies." b. "If everyone cheats, I'm better off, and so is everyone else in the cartel." c. "If I alone cheat, I'm better off; if everyone cheats, I'm worse off." d. "If I suspect others are planning to cheat, I'll do best for myself by refraining from cheating."
The Fed ____ bonds when it conducts an open-market purchase. This action _____ the money supply
Fill in the blank(s) with correct word