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