Antitrust laws in general are used to
a. prevent oligopolists from acting in ways that make markets less competitive.
b. encourage oligopolists to pursue cooperative-interest at the expense of self-interest.
c. encourage frivolous lawsuits among competitive firms.
d. encourage all firms to cut production levels and cut prices.
a
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________ is creating a marketable capital market instrument by bundling a portfolio of mortgage or auto loans
A) Diversification B) Arbitrage C) Computerization D) Securitization
People supply their resources to the highest-paying alternative, even if working conditions are not equally attractive
a. True b. False
Downward-Slope of yield curve (inverted) so expect ____________ interest rates
Fill in the blank(s) with the appropriate word(s).
?Which of the following is a characteristic of a pure command economy?
a. all resources are privately owned
b. economic activity is coordinated by the price system
c. competitive markets guide resources to their highest-valued uses
d. centralized economic planning is used to answer the basic economic questions
e. economic choices are voluntary and are based on rational self-interest