A cartel is
A. a group of firms promoting competition.
B. most common in monopolistic competition.
C. a collusive group of firms.
D. no longer possible in our global economy.
Answer: C
Economics
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Which of the following would decrease the balance on the current account?
A) a decrease in imports B) a decrease in foreign direct investment C) a decrease in the amount of aid money the government sends abroad D) None of the above will decrease the balance on the current account.
Economics
Suppose s = 0.14, Y = 4000, K = 6200, n = 0.02, and d = 0.08. In this case, national saving is ________ than steady-state investment, so that the amount of capital per worker is ________
A) greater, rising B) greater, falling C) less, rising D) less, falling
Economics