The text refers to OPEC as a classic example of a cartel. OPEC is a group of countries that collude to control prices and output in the _______ industry(ies)
a. agriculture
b. engineering and computer
c. airline
d. oil
e. machinery
D
Economics
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In the above figure, in order to achieve efficiency, a tax of ________ per unit is needed
A) $3 B) $6 C) $0 D) $2
Economics
What is necessary for fiscal policy to be sustainable? Why is fiscal policy in countries like Greece, Ireland, Spain, Italy and Portugal not considered sustainable?
What will be an ideal response?
Economics