Which of the following helps to make a cartel successful?
a. stable demand and costs
b. differentiated output
c. highly variable cost conditions
d. highly variable demand conditions
e. rapidly changing technology
A
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In 2014, the largest source of receipts for state and local governments was corporate income taxes
a. True b. False Indicate whether the statement is true or false
Which of the following is TRUE of the relationship between U.S. trade deficits and federal government budget deficits?
A. Increases in the budget deficit tend to be associated with reductions in the trade deficit. B. Increases in the budget deficit are always associated with reductions in the trade deficit. C. Increases in the budget deficit are always associated with increases in the trade deficit. D. Increases in the budget deficit tend to be associated with increases in the trade deficit.
GDP per capita is:
A. highly correlated with quality of life. B. perfectly correlated with quality of life. C. loosely correlated with quality of life. D. negatively correlated with quality of life.
After World War II, which of the following about the value of homes is not true?
A. On average they did not fall for 60 years. B. They were unaffected by recessions until the 2000s. C. They seemed immune to the business cycle. D. It remained relatively unaffected by inflation.