The Clayton Act outlawed tying contracts, price discrimination, and all mergers.
Answer the following statement true (T) or false (F)
False
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30% of the electric bulbs produced in a factory in Xenonia during a year were found to be defective and could not be sold. Which of the following is likely to happen in this case?
A) Xenonia's GDP will increase. B) Xenonia's trade surplus will increase. C) Xenonia's GDP will remain unchanged. D) Xenonia's GDP will decrease. Jane stitched a prom dress which she could have bought for $180 from a store.
Supply and demand are examples of
A. outdated economic theories. B. a primary source of disagreement among economists. C. technological advances. D. the tools of economics.
If you buy a bond from a firm, you are making a loan to the firm.
Answer the following statement true (T) or false (F)
Use the figure below to answer the following question.
If a price ceiling in this market is set at P2, then
A. deadweight loss equals area d. B. no deadweight loss occurs. C. deadweight loss equals area h. D. more information is needed to find deadweight loss.