The goal of a cartel is to
A) increase competition among members.
B) maximize industry profits.
C) increase industry production.
D) all of the above.
B
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Resources that ________ protected by well-defined property rights are in ________ of being depleted
A) are; great danger B) are; absolutely no danger C) are not; the greatest danger D) are not; little danger
During economic fluctuations, markets tend to move
a. together. b. in random directions. c. in opposite directions. d. in many different directions.
If there is excess Supply in the loanable funds framework?
A. Interest Rates are above equilibrium. B. Total borrowing is greater than total spending. C. Interest Rates are below equilibrium. D. Both B & C E. Both A & C
The larger the simple deposit multiplier,
A) the higher the required reserve ratio. B) the higher the discount rate. C) the larger the change in the money supply for a given change in deposits. D) the less likely the Fed will be to use its monetary policy tools.