According to game theory, a cartel of several firms is an example of a(n)

Export subsidies lead to lower prices of exportables for both domestic residents and foreigners

Indicate whether the statement is true or false

If unemployment in the United States was approximately 5 percent, most economists would believe that the economy was

a. experiencing abnormally high unemployment. b. at or near full employment. c. experiencing an abnormally high labor force participation rate. d. in the midst of a strong economic boom.