Cartel members have a collective interest in ____ industry price and a private interest in ____ their own prices
a. increasing; increasing
b. increasing; decreasing
c. decreasing; increasing
d. decreasing; decreasing
b
Economics
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What is depreciation, and what happens to the depreciation line when the rate of depreciation increases or decreases?
What will be an ideal response?
Economics
Changes in business inventories are known as
A) consumer durable. B) consumption goods. C) fixed investment. D) inventory investment.
Economics
According to economists, the income elasticity of an inferior good
a. is less than one b. exceeds one c. is zero d. is inelastic e. is negative
Economics
Unions have the power to
a. set all working rules. b. increase the firm's total taxes. c. push wages above competitive levels at times. d. make a firm nationalized.
Economics