If a cartel is successful
A. the firms will act like a monopoly.
B. the firms will lose profits in a perfectly competitive market.
C. the consumers will pay lower prices.
D. the consumers will have more goods and services to choose from.
Answer: A
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If the government announces a cut in the capital gains tax and it is expected that investment spending will increase as a result, which of the following are also likely?
a. An upward shift in the aggregate expenditure line, a rightward shift of the money demand curve, and a leftward shift of the aggregate demand curve b. A downward shift in the aggregate expenditure line, a rightward shift of the money demand curve, and a rightward shift of the aggregate demand curve c. An upward shift in the aggregate expenditure line, a leftward shift of the money demand curve, and a rightward shift of the aggregate demand curve d. A downward shift in the aggregate expenditure line, a leftward shift of the money demand curve, and a leftward shift of the aggregate demand curve e. An upward shift in the aggregate expenditure line, a rightward shift of the money demand curve, and a rightward shift of the aggregate demand curve.
The two reasons why bankruptcy is a false concern about the public debt are:
A. Government spending and taxation B. Refinancing and taxation C. Investment and refinancing D. Saving and investment