A cartel is a group of firms that try to monopolize the market.
a. true
b. false
Answer: a. true
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What are the strengths and weaknesses of the negative income tax (NIT) as an alternative to traditional welfare programs?
What will be an ideal response?
What all is assumed constant when looking at the demand curve of any foreign exchange transaction between the dollar and any other currency?
a. the incomes and preferences of U.S. consumers b. expected inflation in the United States c. interest rates in the U.S. d. all of the above are assumed constant
If the rate of depreciation increases, then user cost ________ and the desired capital stock ________.
A. rises; rises B. rises; falls C. falls; rises D. falls; falls
The cost-benefit analysis on the financial impact smokers have on society conducted by Vanderbilt professor Kip Viscusi concludes that
A) smokers provide a net public service to society. B) smokers are a financial drain on society. C) smokers contribute less to retirement and pension programs than they receive from those programs. D) smokers account for about 32 cents of net cost to everyone else in society for every pack of cigarettes smoked.