The legality of which of the following actions would be determined using the rule -of-reason?
A) an agreement with a competitor firm submit a high bid on a contract
B) an agreement with a competitor firm to set prices
C) an agreement with a competitor firm submit a low bid on a contract
D) an agreement with a customer about the markets in which the customer is allowed to resell the product
D) an agreement with a customer about the markets in which the customer is allowed to resell the product
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Suppose that individuals with state-independent and risk-averse tastes insure each other through state-contingent trades. The competitive equilibrium price will then result in actuarily fair insurance terms.
Answer the following statement true (T) or false (F)
If the real exchange rate between the United States and Japan is ________, then it is cheaper to buy goods in Japan than in the United States
A) greater than 1.0 B) greater than 0.5 C) less than 0.5 D) less than 1.0
In the LM curve, the __________ the interest-sensitivity of liquidity preference, the __________ the necessary increase in the rate of interest to restore equilibrium
A) greater; smaller B) greater; greater C) smaller; smaller D) None of the above.
Check clearing is important to company cash management systems, because:
a. Companies can use it to accelerate payables. b. Companies can use it to decelerate receivables. c. Companies can sweep more funds into interest-earning assets by using efficient check-clearing process. d. All of the above. e. None of the above.