If two or more firms collude to fix prices, this would be outlawed by the:
a. Federal Trade Commission Act.
b. Clayton Act.
c. Robinson-Patman Act.
d. Sherman Antitrust Act.
d
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The labor supply curve is typically upward sloping because as the wage rate rises,
a. it will exceed the reservation wages of more individuals b. the opportunity cost of leisure falls c. the demand for the good produced by labor increases d. the marginal revenue product of labor falls e. the marginal revenue product of labor rises
What is meant by the term "fiscal"? What are the main elements of fiscal policies?
What effect does the following transaction have on the U.S. balance of payments?(Choose the proper debit and credit entries.) Colgate Inc (U.S.) receives profits from its foreign affiliates. Payment is made in U.S. dollars
a. Debit the U.S. financial account; credit the U.S. current account. b. Credit the U.S. financial account; debit the U.S. current account. c. Debit the U.S. financial account; credit the U.S. financial account. d. Credit the U.S. financial account; debit errors and omissions.
A lump-sum tax (a tax that is treated as a fixed cost) is placed on a monopolist. How will that affect its output and pricing decisions?