Cartel agreements are difficult to maintain because individual members
a. can gain by raising their price above the price that is best for the cartel.
b. are often unable to police the price and output policies of other members.
c. can gain by secretly raising their price above the price that is best for the cartel.
d. can enforce price arrangements vigorously in court.
B
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The expenditure multiplier only considers the impact of consumption changes on aggregate expenditures
a. True b. False Indicate whether the statement is true or false
Among the chief concerns about the use of benefit-cost analysis is that
a. monetizing the benefits of a policy proposal is difficult b. identifying and estimating implicit costs isa major challenge c. equity might not be achieved if, for example, costs are distributed unevenly d. all of the above e. none of the above