All of the following are examples of illegal per se activities except which one?
A) output restrictions
B) bid rigging
C) price-fixing
D) resale price maintenance
D) resale price maintenance
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In countries that have a high degree of employment protection as measured by the World Bank's Rigidity of Employment Index, approximately ________ of jobless workers have been employed for more than one year
A) 5% B) 16% C) 27% D) 43%
The firm's overriding objective is to
A) earn a normal profit. B) maximize normal profit. C) maximize economic profit. D) maximize total revenue. E) avoid an economic loss.
How are the domestic sellers and buyers of a good affected if a country starts exporting the good?
What will be an ideal response?
When it was introduced in 1958, the Phillips curve presented policymakers with a "menu" from which they could choose the appropriate:
a. combination of monetary and fiscal policy. b. combination of inflation and unemployment. c. level of aggregate money supply. d. income tax rate.