When firms in an illegal market form a cartel, _____
a. they are able to supply higher quality products
b. it becomes more difficult for police to detect their activities
c. they are able to increase profits by behaving as a monopolist
d. they face a deadweight loss
e. they rely on goodwill to ensure the stability of the cartel
c
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In contrast to Argentina in 2001, the United States debt is less of a burden because the U.S. debt is
a. an obligation to pay over a longer period of time. b. owed entirely to U.S. citizens and banks. c. an obligation to pay in domestic currency. d. an obligation to pay in foreign currency.
QN=78 (17806) The CPI is more commonly used as a gauge of inflation than the GDP deflator is because
a. the CPI is easier to measure. b. the CPI is calculated more often than the GDP deflator is. c. the CPI better reflects the goods and services bought by consumers. d. the GDP deflator cannot be used to gauge inflation.