If firms make agreements that reduce the amount of competition in a market,
a. the market price usually falls
b. they would face penalties under antitrust legislation
c. mergers will result
d. there must be diseconomies of scale in the industry
e. they would face penalties under contract law
B
Economics
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If aggregate hours are 100 billion hours and labor productivity is $40 an hour, than real GDP equals
A) $100 billion. B) $40 billion. C) $100 trillion. D) $2.5 trillion. E) $4 trillion.
Economics
Which of the following is NOT a disadvantage of controls on capital outflows?
A) The controls may lead to excessive risk taking by the domestic banks. B) They are seldom effective during a crisis. C) Capital flight may increase after they are put in place. D) Controls often lead to an increase in government corruption.
Economics