The ________ is(are) empowered to impose a number of ________ if it(they) find(s) that antitrust law has been violated.
A. courts; remedies
B. Antitrust Division of the Justice Department; fines
C. Federal Trade Commission; remedies
D. Interstate Commerce Commission; fines
Answer: A
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In the production of goods and services, trade-offs exist because
A) not all production is efficient. B) society has only a limited amount of productive resources. C) buyers and sellers often must negotiate prices. D) human wants and needs are limited at a particular point in time.
The expected value of a future payment differs from the present discounted value in that the expected value
A. Uses a lower interest rate in its calculation. B. Assumes that future payments take place over a longer period of time. C. Takes into account the possibility of nonpayment. D. Uses a higher interest rate in its calculation.
Suppose that along the aggregate demand curve, real GDP equals $15 trillion when the GDP deflator is 90. If the GDP deflator were 95, real GDP along the aggregate demand curve would equal
A. more than $15 trillion. B. more than $15 trillion but less than $15.8 trillion. C. less than $15 trillion. D. $15 trillion.
What is a balance-of-payments deficit?
What will be an ideal response?