To determine guilt of cartelizing, the antitrust laws use

A) evidence of conspiracy.
B) economic effect.
C) evidence of tacit collusion without meeting.
D) None of the above.

A

Economics

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The Fed acts as lender of last resort:

A. when deposit insurance isn't enough or when an institution isn't covered by deposit insurance. B. only when an institution is not covered by deposit insurance but deposit insurance would have been enough. C. for any institution, household, or business, that faces a solvency crisis. D. only when an institution is covered by deposit insurance but deposit insurance isn't enough.

Economics

Mary has to choose between a four-day vacation and a five-day vacation to the same place. To arrive at the optimal choice, which optimization technique do you think will be arithmetically easier and faster to implement and why?

What will be an ideal response?

Economics