To function as a monopoly, OPEC and other cartels rely on __________ among members

For many years the United States was able to retain a system for drafting young men into the armed forces because

A) the public feared the menace of Communism. B) patriotism had declined and so volunteers were not available. C) young men were not willing to risk their lives. D) many people adversely affected found it more to their advantage to use some personal escape route than to attack the system directly.

Suppose Congress institutes an investment tax credit. What would happen in the market for loanable funds?

a. The interest rate and investment would fall. b. The interest rate and investment would rise. c. The interest rate would rise and investment would fall. d. None of the above is necessarily correct.