The U.S. Justice Department prosecuted Microsoft under the terms of
A. the 1933 amendment to the Federal Trade Commission Act.
B. the Kefauver amendment.
C. the Sherman Act.
D. none of these.
Answer: C
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First movers
A) are usually firms with large market share. B) are the first to bring out a new product. C) usually copy successful products. D) are mainly found in the computer industry. E) have memorable trade names.
Rachel agrees to lend Phoebe $100 for six months and charges her interest of 2 percent. At the end of the six-month period, prices have risen by 4 percent
a. Purchasing power has been redistributed to Rachel. b. No purchasing power has been redistributed. c. Purchasing power has been redistributed to Phoebe. d. Both Rachel and Phoebe received extra purchasing power.
________ is one of the countries closest to having a planned economy, and ________ is one of the countries closest to having a market economy.
A) Russia; Singapore B) India; Norway C) Russia; Norway D) Cuba; Singapore E) Canada; China
The purpose of expansionary fiscal policy is to
a. increase output b. prevent hyperinflation c. slow the growth of the GDP d. increase the separation between government and private industry