In the Alcoa case of 1945, the courts held that:
A. the mere possession of monopoly power is a violation of the antitrust laws.
B. only contracts and combinations that unreasonably restrain trade are in violation of the
Sherman Act.
C. retail and wholesale firms are exempt from antitrust legislation.
D. firms that sell more than one-half of their output overseas are exempt from antitrust.
Answer: A
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All of the following are in-kind benefit programs, except
A. food stamps. B. Medicaid. C. energy assistance. D. SSI.
Which of the following is not a true statement concerning infant mortality in the United States?
a. Low birth weight infants have a better chance of survival in the U.S. than either Japan or Norway. b. International comparisons of infant mortality rates are difficult to interpret due to different definitions of infant death. c. Teenage pregnancy and illegitimacy are highly correlated with infant mortality. d. Infant mortality rates are among the lowest in the developed world. e. A primary cause of infant mortality is low birth weight.
The system of measurement for expressing macroeconomic data is called
a. national income accounting. b. balance of payment accounting. c. generally accepted accounting principles. d. double entry bookkeeping.
To move up the income ladder and achieve high-income status, countries must
What will be an ideal response?