There are many exemptions from antitrust laws. Which of the following is NOT one of them?
A) labor unions
B) public utilities
C) hospitals
D) Internet service providers
Answer: D
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If the cyclical rate of employment equals -1 percent and the actual rate of unemployment equals 8 percent, then the natural rate of unemployment must equal:
A. 7 percent. B. 12.5 percent. C. 9 percent. D. -7 percent.
Who would benefit the most from getting rid of restrictions like patents to enter markets?
A. Producers B. Government C. Consumers D. All of the above would benefit equally
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.
The Sherman Act declares that price discrimination, tying contracts, stock acquisitions between corporations, and interlocking directorates are illegal when their effect is to reduce competition.
Answer the following statement true (T) or false (F)