One of the most effective international cartels ever formed was in

a. steel
b. iron
c. wheat
d. rubber
e. oil

E

Economics

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The spending multiplier measures the change in equilibrium income that results from a change in:

a. consumption. b. interest rates. c. savings. d. net exports. e. autonomous expenditures.

Economics

At the point of consumer equilibrium, the slope of the budget line is equal to the:

A. indifference curve. B. consumer preference. C. market rate of indifference. D. marginal rate of substitution.

Economics