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☆☆☆☆☆Public goods are non-excludable, so they suffer from a free-rider problem.
A surplus of supply
an agreement among various politicians about public spending
passed on to the consumer
a group of producers working together to raise prices and profits
Politicians might use pork barrel spending to win support from their constituents.
Make large currency trades using small amounts of money.
The pressure to make profits is increased.
Revenue tariff - Earn Money for the Government
Protective Tariff - Help domestic producers
Retaliatory tariff - engage in a trade war
The Federal Reserve Bank
Volatile market -APEX
Fiat money has value bc the gov. declares that it has value.
A restriction on when a union may call a strike
cutting taxes
A. Social security _ government agency
B. U.S. Postal Service _ government corporation
C. Boeing _ government contractor
Issue bonds
1.Vendor lock in: a company say a wide range of product can be used with its products but this is not true.
- Price fixing: a group of companies agree that all of them will charge the same price.
3.Predatory pricing: a large company charges a price below production cost in order to eliminate small competitors.
Organization of Petroleum Exporting Countries competition regulator
Lockheed Martin Corporation government contractor
Antitrust Division of the Department of Justice cartel
