Tacit collusion is illegal among oligopolies in the real world.

A vertical merger is a merger with suppliers.

The poverty threshold refers to a state where an individual, family, or community lacks the financial means necessary to maintain a minimum standard of living.

The problem of _________________  arises when an antique dealer knows more about the quality of an item than the potential buyer, and as a result the buyer with less knowledge must worry about ending up at a ________________.

Moral hazard refers to information that some individuals have, but others do not.

The closer the Gini coefficient is to one, the higher the degree of income inequality.

There is an direct relationship between educational attainment and employment rates.  

An example of negative income tax (NIT) is the Earned Income Tax Credit (EITC).

Monopolistically competitive markets lead to excess capacity, which results in firms producing at lower quantities and at higher than their minimum average total cost.

Given a solution with a specific heat of 25.8 J/g°C how much heat is needed to raise the temperature of a 1.00 g sample by 13.7 °C?