Often antitrust enforcers
A. Cannot measure market concentration.
B. Lack the resources to prosecute anticompetitive behavior.
C. Prefer to break up companies that violate antitrust laws.
D. Lack a legal structure to prosecute companies for monopoly behavior.
Answer: B
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Which type of economic graph reveals trends in data?
A) time-series graph B) cross-section graph C) scatter diagram D) Answers A and C are correct. E) Answers A, B, and C are all correct.
The demand for products that provide benefit externalities is generally ________ the demand for products that do not
A) greater than B) less than C) the same as D) greater or less (depending on the market) than
Which of the following is NOT an important source of revenue for the federal government?
A. property taxes B. individual income taxes C. corporate income taxes D. social insurance taxes and contributions
Monetary stimulus will fail if
A. Banks lend too much money. B. Lower interest rates cause households to not refinance mortgages and not apply for new consumer loans. C. Consumers spend too much money, creating a shortage of money. D. Short-term interest rates are affected but long-term interest rates are not.