The FTC is
A) the act that prevents producers from driving out smaller competitors by means of selected discriminatory price cuts.
B) the commission that investigates unfair competitive practices such as misleading advertising.
C) an agency which has been set up to regulate the federal government.
D) the agency set up to regulate hospitals.
Answer: B
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Refer to the table above. The farmer began to experience diminishing returns after applying how many bags of fertilizer?
A) 1 B) 2 C) 3 D) 4
Suppose the dollar depreciates from 89 Japanese yen to 79 Japanese yen. One would expect
a. U.S. imports to increase b. U.S. exports to increase. c. Japanese exports to increase. d. Japanese net exports to increase.
Which of the following statements is most correct?
A. The discount rate is the primary policy tool of the FOMC. B. The difference between the target and actual federal funds rate is the dealer's spread. C. The FOMC sets the target federal funds rate range. D. The FOMC sets the federal funds rate.
Durable and nondurable goods and services lumped together in the expenditure approach to measuring GDP are called:
A. Personal consumption. B. Gross private domestic investment. C. Government spending. D. Inventory.