One type of explicit price-fixing is known as price leadership.

Answer the following statement true (T) or false (F)

False

Price leadership is a subtle (not explicit) pricing pattern that allows one firm to establish the (market) price for all firms in the industry.

Economics

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Which of the following most clearly indicates that fiscal policy is becoming more restrictive?

a. An increase in the budget deficit relative to GDP b. A reduction in the budget deficit relative to GDP c. An increase in government expenditures as a share of GDP d. A reduction in tax revenues as a share of GDP

Economics

If an economy is represented by a point inside its production possibilities curve:

A. it can produce more of one product even if it does not produce less of another product. B. it can produce more of one product only if it produces less of another product. C. it cannot produce more of one product unless it stops producing the other product entirely. D. it cannot possibly produce more of one product, even if it produces less of another product.

Economics