Some countries have economies that are extremely market-oriented, while other countries have ___________ economies.
a. private
b. textile
c. command
d. internal
c. command
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A highly profitable cartel arrangement among sellers contains the seeds of its own disintegration because
A) a monopoly arrangement is more unstable than an oligopoly arrangement. B) a price maintained above each cartel member's marginal cost is an incentive to offer secret price reductions to attract additional business. C) monopoly agreements will, in the long run, reduce net revenue to zero. D) net revenue for the cartel as a whole could be increased by producing at the level where marginal revenue equals marginal cost for each cartel member. E) the cartel members will have a strong incentive to reduce quality.
Answer the following statements true (T) or false (F)
1. In a cooperative type of enterprise, a shareholder has only one vote regardless of the number of shares held. 2. In the United States, marketing cooperatives are most commonly found in the agriculture industry. 3. There are no government-regulated markets in the U.S. economy. 4. The U.S. economy is a mixture of perfect and imperfect competition and regulated and nonregulated industries.
Suppose that along the economy-wide rate-of-return line, the current interest rate of 8 percent causes a planned investment of $300 billion
Should the interest rate fall to 7 percent, the $300 billionth dollar of investment spending now generates a ________ rate of profit, which puts ________ pressure on investment. A) positive, downward B) positive, upward C) negative, downward D) negative, upward
The recession of the early 1990s, which followed a period of sustained prosperity, can best be explained as resulting from
a. cost-push inflation b. a decrease in aggregate demand c. a decrease in aggregate supply d. stagflation e. too many speculative real estate deals