All natural resources are nonrenewable
Indicate whether the statement is true or false
F
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A group of firms that has entered into an agreement to restrict output and increase prices and profits is called
A) a compliance. B) a cartel. C) an oligopoly. D) a duopoly. E) a multi-firm monopoly.
What is arbitrage? Explain why arbitrage drives the contract price of futures to the price of the underlying asset on the expiration date, for prices above and below the asset price
What will be an ideal response?
Unlike Keynesians, neo-Keynesian economists believe that the aggregate supply curve is (drawn from left to right)
a. horizontal b. vertical c. vertical, downward sloping, horizontal d. horizontal, vertical e. horizontal, upward sloping, vertical
Suppose you borrow $500 and agree to pay this $500 plus $75 of interest at the end of a year. The interest rate is:
A. 10 percent. B. 15 percent. C. 12.5 percent. D. 7.5 percent.