Antitrust authorities are least likely to take action against:
A. conglomerate mergers.
B. horizontal mergers.
C. interlocking directorates.
D. price-fixing.
Answer: A
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Discuss the aggregate production function. How does the aggregate production function relate to the labor market and potential GDP?
What will be an ideal response?
In the United States, corporate profits are taxed
A) at both the corporate level and when investors receive dividends. B) only when investors receive dividends. C) only at the corporate level. D) neither at the corporate level nor when investors receive dividends.
Improvements in technology provide benefits to:
A) consumers, through lower prices. B) workers, although some jobs may be eliminated. C) firms, through lower production costs. D) all of the above.
The amount that a commercial bank can lend is determined by its:
A. required reserves. B. excess reserves. C. outstanding loans. D. outstanding checkable deposits.