In the Utah Pie case, the economic effect of the Supreme Court decision was to:
A. prohibit the merger of two small pie companies.
B. encourage competition by ruling that the national competitors had engaged in illegal price discrimination.
C. encourage competition by ruling that the national competitors had not engaged in illegal price discrimination.
D. discourage competition by national competitors in the Salt Lake City market.
Answer: D
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Explain how a "conservative" and a "liberal" might differ in the types of policies they advocate to counteract a recessionary gap
Foreign saving is used for domestic investment when foreigners engage in
a. foreign direct investment. b. foreign portfolio investment. c. either foreign direct investment or foreign portfolio investment. d. None of the above is correct.
Since the 1940's U.S. union membership has
a. fallen. This decline should have reduced structural unemployment. b. fallen. This decline should not have reduced structural unemployment. c. risen. This increase should have raised structural unemployment. d. risen. This increase should not have raised structural unemployment.
In assessing the efficiency of government policy, economic analysis would focus on
What will be an ideal response?