The Supreme Court's decision in the Standard Oil of New Jersey case was
A) to force the company to send refund checks to customers.
B) to force the company to pay $10 billion in fines.
C) to increase the fine imposed by a lower court.
D) to break up the company.
Answer: D) to break up the company.
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Aggregate demand can be defined as:
a. the total spending by all consumers, business firms, government agencies, and foreigners in the United States. b. the total amounts that all consumers, business firms, government agencies, and foreigners wish to spend on all final goods and services at various price levels. c. the total spending by consumers, business firms, and government agencies in one year. d. the total spending by consumers, business firms, and government agencies on final goods and services.
Gross domestic product during a period is measured by adding
a. incomes received by households minus the sale of factor services supplied domestically. b. factor payments made by domestic firms minus retained earnings and indirect business taxes. c. expenditures on new final goods and services produced domestically. d. the market value of all goods and services produced domestically and then subtracting net exports from that figure.
Workers displaced by trade eventually find jobs in
a. another country. b. the government sector. c. the industries in which the country has a comparative advantage. d. a different company in the same industry.
About one out of every ________ black children under the age of 18 is poor.
Fill in the blank(s) with the appropriate word(s).