The Dango describes
A. covert collusion in the Japanese construction industry.
B. a Korean business arrangement whereby only firms with insider connections may enter an industry.
C. a bribe paid by colluding business firms to get government contracts in Asia.
D. the price set by the price leader in Eastern European oligopolies.
A. covert collusion in the Japanese construction industry.
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Your textbook uses the "bite, chew, choke" story to explain
A) how restrictive monetary policy leads to a recession. B) how expansionary monetary policy ultimately leads to a recession. C) how restrictive fiscal policy leads to a recession. D) how expansionary fiscal policy ultimately leads to a recession.
Refer to Figure 5-12. One way to obtain the economically efficient amount of college education is for governments to subsidize college education
What is the size of the per-student Pigovian subsidy that the government must provide to internalize the external benefits? (Note that the subsidy can be granted to the education institutions or to the students directly or indirectly; for example, through low-interest student loans.) A) P2-P1 B) P1 C) P2-P0 D) P0-P1