The main objective of the members of a cartel is to
A) earn economic profits.
B) produce efficiently.
C) make the industry more competitive.
D) obtain a patent.
Answer: A
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Over the past decade, a nation's real Gross Domestic Product (GDP) grew at a constant rate of 9 percent per year while its population grew 8 percent annually. Forecasters predict that during the coming decade, real GDP will continue to grow 10 percent annually, but the population growth rate is expected to drop to 7 percent annually. If the forecasters are correct, which of the following will be TRUE?
A. The annual rate of growth of per capita real GDP will increase from 1 percent to 3 percent. B. The annual rate of growth of per capita real GDP will decline from 2 percent to 1 percent. C. The annual rate of growth of per capita real GDP will increase from 1 percent to 8 percent. D. The annual rate of growth of per capita real GDP will decline from 3 percent to 2 percent.
Recent policy statements by the FOMC announce and explain its:
A. targets for money growth with no mention of interest-rate targets. B. decisions for long-term interest rates. C. short-term interest-rate and balance-sheet adjustments with no mention of money growth targets. D. decisions for money-growth targets but also mentioning short-term interest-rate decisions.
Between the end of the Civil War and the beginning of World War I, the U.S. economy was not able to effectively absorb the millions of immigrants it received
Indicate whether the statement is true or false
One example of qualitative easing, or unconventional monetary policy, is a purchase by the Fed of Treasury bonds
a. True b. False Indicate whether the statement is true or false