"Unfair or deceptive acts or practices in commerce" were prohibited by the
A) Clayton Act.
B) Clayton Act as amended by the Robinson-Patman Act.
C) Federal Trade Commission Act.
D) 1938 amendment to the Federal Trade Commission Act.
Answer: D
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An increase in the production of capital goods
A) must increase the current production of consumer goods. B) must decrease the future production of consumer goods. C) shifts the production possibilities frontier inward in the future. D) shifts the production possibilities frontier outward in the future.
In mid-2009, the unemployment rate stood at
a. 25 percent b. 5 percent c. 6 percent d. 9.5 percent e. 20 percent
A question on an economics exam asks: What happens in the market for margarine when income rises? Allison, an excellent student, shows the demand for margarine decreasing. Is she necessarily wrong? Why or why not?
The Bureau of Labor Statistics' "unemployed" category includes those who were not employed, were available for work, and had tried to find employment during the previous four weeks
a. True b. False Indicate whether the statement is true or false