Barometric price leadership exists when
A) one firm in the industry initiates a price change and the others may or may not follow.
B) one firm imposes its best price on the rest of the industry.
C) when all firms agree to change prices simultaneously.
D) when one company forms a price umbrella for all others.
A
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A rise in the expected future exchange rate will tend to cause, other things the same ________
A) a depreciation of the domestic currency B) no effect on the value of the U.S. dollar in the short-run C) an appreciation of the domestic currency D) no effect on the value of the U.S. dollar
From a strictly economic perspective, immigration should be:
A. Expanded until its marginal benefits equal its marginal costs B. Expanded until its total benefits equal its total costs C. Expanded as long as its marginal costs exceed its marginal costs D. Reduced if its marginal benefits exceed its marginal costs