Give two examples of price fixing in the news
What will be an ideal response?
(1) In 2007 British airlines and Korean airlines were fined for conspiring to fix fuel surcharges on passenger tickets and cargo. (2) In 2012 auto parts makers in Japan, Germany, and Sweden where fined for conspiring to fix the price of automobile heater control panels.
Economics
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A shortage occurs when the market price is lower than the equilibrium price
Indicate whether the statement is true or false
Economics
____ is a doctrine that holds that exports are good for a country, whereas imports are harmful.
A. Supply-side economics B. Mercantilism C. Free trade D. Monetarism
Economics