The U.S. antitrust laws
A. promote competition.
B. are outdated and rarely used anymore.
C. aid monopolies in their quest to dominate the market for a good or service.
D. are administered by the Department of Commerce.
Answer: A
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If a bank has excess reserves of $20,000 and demand deposit liabilities of $80,000, and if the reserve requirement is 20 percent, then the bank has total reserves of
A) $16,000. B) $20,000. C) $26,000. D) $36,000.
The foreign holdings of U.S. dollars
a. reduce the living standards of Americans. b. are not included in the M1 money supply. c. account for approximately half of all U.S. currency issued by the Fed. d. are hard to explain since the dollar is not legal tender outside the United States.
Which of the following events could explain an increase in interest rates together with a decrease in investment?
a. The government budget went from surplus to deficit. b. The government instituted an investment tax credit. c. The government reduced the tax rate on savings. d. None of the above is correct.
If the economy is experiencing an economic boom, which point in the graph shown would likely represent this?
A. E1 B. E2 C. E3 D. E4