The first antitrust legislation was passed in the United States during the late 1970s in response to the massive OPEC oil-price shocks and the Penn-Central Railroad cartel. Prior to this time, government authorities were forced to use nuisance laws to restrict anti-competitive business activity

Indicate whether the statement is true or false


false

Economics

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Which of the following statements is false?

a. The sum of the unemployment rate and the employment rate always equals 100 percent. b. The sum of the number of employed persons and the number of unemployed persons equals the civilian non-institutional population. c. The labor force participation rate equals the number of persons in the civilian labor force divided by the number of persons in the total population. d. a, b, and c

Economics

Exhibit 10-4 Aggregate supply and demand curves The increase in the price level as the economy moves from E1 to E2 in Exhibit 10-4 represents:

A. cost-push inflation. B. demand-shock inflation. C. wage push inflation. D. demand-pull inflation.

Economics

Three of the four following questions are indicative of the three fundamental economic questions. Leaving out the irrelevant question, rearrange the three relevant questions in the order an economy must answer them.   - Should electricity be produced from oil, solar, or nuclear power?  - Should corn be produced in the North or in the South?  - Who drives a Mercedes?  - Should more hybrid cars and fewer SUVs be produced?

A. 1. Should more hybrid cars and fewer SUVs be produced? 2. Should corn be produced in the North or in the South? 3. Should electricity be produced from oil, solar, or nuclear power? B. 1. Who drives a Mercedes? 2. Should more hybrid cars and fewer SUVs be produced? 3. Should corn be produced in the North or in the South? C. 1. Should more hybrid cars and fewer SUVs be produced? 2. Should electricity be produced from oil, solar, or nuclear power? 3. Who drives a Mercedes? D. 1. Should electricity be produced from oil, solar, or nuclear power? 2. Should more hybrid cars and fewer SUVs be produced? 3. Should corn be produced in the North or in the South?

Economics

The typical Walmart Supercenter sells between ________ worth of goods per year.

A. $1 billion and $2 billion B. $100 million and $150 million C. $1 million and $2 million D. $200 million and $250 million

Economics