In Figure 3-3 above, autonomous planned spending is
A) 400.
B) 400 + 0.6Y.
C) 0.8Y.
D) 400 - 0.6Y.
E) 0.
A
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Discrimination is generally easy to detect on a case-by-case basis because the circumstances surrounding the decision to discriminate are rarely subjective
Indicate whether the statement is true or false
Collusion is more likely to occur when
A) there is fear of punishment for not colluding. B) there is a known finite time horizon. C) there are large gains to be made by cheating on an agreement. D) the game lasts only one period.
Refer to the accompanying figure. The opportunity cost of increasing medical care from 200 to 400 units is ________ the opportunity cost of increasing medical care from 400 to 600 units.
A. less than B. exactly the same as C. twice as much as D. greater than
Based on price setting behavior, which of the following will cause a reduction in the price level?
A) an increase in productivity B) a reduction in the nominal wage C) a reduction in the markup D) all of the above E) none of the above