Which of the following are important determinants of collusion in pricing games?

A. The number of firms
B. History
C. Firm size
D. All of the statements associated with this question are correct.


Answer: D

Economics

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The income effect of a price increase causes a decrease in the quantity of a normal good demanded

Indicate whether the statement is true or false

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The ISLM model can be used to derive

A) aggregate demand. B) aggregate supply. C) the money multiplier. D) the long-run economic growth rate.

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The invisible hand is a notion from:

a. Marx b. Ricardo c. Keynes d. Mises e. none of the above

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According to 2010 surveys, the most frequently traded currency pair is the U.S. dollar and Japanese yen.

a. true b. false

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