A key consideration in the government's decision in the Staples/Office Depot case was that:
A. Staples charged lower prices in locations that were close to an Office Depot store.
B. Staples charged higher prices in locations that were close to an Office Depot store.
C. Staples and Office Depot had engaged in explicit price fixing.
D. Staples and Office Depot would be a natural monopoly if they were allowed to merge.
Answer: A
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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
On a production possibilities frontier, 500 pounds of apples and 1,200 pounds of bananas can be produced while at another point on the same frontier, 300 pounds of apples and 1,300 pounds of bananas can be produced
Between these points, what is the opportunity cost of producing a pound of apples? A) 2 pounds of bananas B) 5/12 of a pound of bananas C) 0.5 of a pound of bananas D) 2 pounds of apples E) 100 pounds of bananas
The price of stock is determined by:
a. the demand for the good produced by the firm. b. the number of shares of a firm's stock that is available. c. the performance of the stock market. d. the performance of the Federal Reserve. e. the demand for and supply of a company's shares.
nternet sites such as eBay make it easier for sellers and buyers to find one another and, by doing so,
What will be an ideal response?