An organization of sellers designed to coordinate their supply decisions to maximize joint profits is called a:
a. consumer cooperative.
b. marketing association.
c. regulatory agency.
d. cartel.
d
You might also like to view...
The ________ the portion of your income spent on a good, the ________ is your demand for the good
A) larger; more income elastic B) larger; more price elastic C) smaller; less price elastic D) smaller; more income elastic
The price of a coupon bond is determined by taking the present value of:
A. all of the bond's payments. B. the coupon payments and adding this to the face value. C. the bond's final payment and subtracting the coupon payments. D. the bond's final payment.
Answer the following questions true (T) or false (F)
1. Examining the conditions that could lead to inflation in an economy is an example of a microeconomic topic. 2. Suppose that to move more people off the wait list for organ donations, surgeons and hospitals are developing a market for organ swapping. This is an example of a macroeconomic topic. 3. Examining the conditions that could lead to economic growth is an example of a macroeconomic topic.
Which of the following might increase the supply curve of labor?
a. Elimination of discrimination against blacks. b. Elimination of discrimination against females. c. Easing licensing requirements. d. All of these.