Which of the following is true about the indifference curve where one commodity (such as pollution) is "bad"?
A) It has a negative slope.
B) It has a positive slope.
C) It is horizontal.
D) It is vertical.
B
Economics
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A computer game is an example of
A) a free product. B) an information product. C) a search product. D) a credibility product.
Economics
Suppose an oil cartel has an agreement to restrict members' production in order to maintain a price of $30 per barrel. A single cartel member may want to cheat and exceed its quota so that it can:
A. reduce its costs. B. charge higher prices. C. make demand more inelastic. D. earn a bigger profit.
Economics