Which of the following is an example of a cartel?

To contract the money supply, the Fed should

A) lower the required reserve ratio. B) increase government spending and cut taxes. C) reduce the differential between the discount rate and the federal funds rate. D) sell U.S. government securities.

Refer to Table 11-1. Diminishing marginal returns sets in when the ________ worker is hired

A) 2nd B) 3rd C) 4th D) None of the above; the production function displays increasing marginal returns.