Tacit collusion among firms involves explicit agreements on pricing and output levels
a. True
b. False
B
Economics
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The primary assets of a pension fund are
A) money market instruments. B) corporate bonds and stock. C) consumer and business loans. D) mortgages.
Economics
A monopolist can charge whatever price it wants and can therefore reap phenomenal profits
a. True b. False Indicate whether the statement is true or false
Economics
The intrinsic value of U.S. currency today is the value of
A. government bonds. B. gold. C. silver. D. nothing.
Economics
The change in people's purchasing power that occurs when the price of a good they purchase changes, assuming all else is held constant is known as
A. the multiplier effect. B. the elasticity effect. C. the substitution effect. D. the real income effect.
Economics