Enforcement of antitrust policy is the responsibility of
A) the Trust Division of Congress and the World Trade Organization.
B) the Federal Trade Commission and the Antitrust Division of the Department of Justice.
C) the World Trade Organization and the FDA.
D) the Food and Drug Administration and Congress.
Answer: B
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"Allocative efficiency in the production of cherries means that consumers can eat all of the cherries they desire." Is this statement true or false? Explain your answer
What will be an ideal response?
The main economic rationale for government provision of services is
a. positive externalities b. fairness c. helping the poor d. government failure e. all of the above
In general economic environments that correspond to higher levels of planned aggregate expenditure for a given level of Y have PAE curves that are:
A. higher on the expenditure diagram. B. lower on the expenditure diagram. C. at multiple points on the diagram. D. equivalent at point in the diagram.
When negative externalities are present, it leads to an underallocation of resources in that area relative to that which is socially desirable
a. True b. False Indicate whether the statement is true or false