When oligopolists secretly cooperate for their mutual benefit they are engaging in
a. inclusion
b. collusion
c. seclusion
d. exclusion
e. discrimination
B
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Checking accounts that pay interest are included in the
A) "other checkable deposits" part of M1. B) "savings deposits" part of M2. C) "demand deposits" part of M1. D) "money market mutual funds deposits" part of M2.
The Fed accidentally discovered open market operations in the early
A) 1920s. B) 1910s. C) 1900s. D) 1890s.
The market price system provides a highly efficient mechanism for disseminating information about relative scarcities of
a. the quantity supplied minus the quantity demanded. b. surpluses, shortages, and quantity. c. goods, services, labor, and financial capital. d. price controls and equilibrium prices.
The fact that the behavior of one firm depends on the behavior of other firms is what differentiates oligopoly markets from the other three market structure types (perfect competition, monopoly, and monopolistic competition).
Answer the following statement true (T) or false (F)