In the 1945 ALCOA antitrust case, the Court found ALCOA
a. not guilty of violating the Sherman Act because it was a good monopoly
b. did not have a good reason for having a large market share, so found it guilty
c. guilty because its firm size was a per se violation of antitrust laws
d. not guilty because it did not engage in any illegal or unfair acts
e. was no threat to industrial democracy
C
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Apple releases a new iPhone. Which of the following components of U.S. GDP will not be affected, given that the iPhone is manufactured in China? a. It will increase U.S. net exports, since a U.S. corporation makes the iPhone
b. It will increase consumptions expenditures when U.S. consumers purchase new iPhones. c. It will increase investment, since Apple places some of the iPhones in to its inventory. d. It will increase government expenditures, since some iPhones are purchased by the federal government.
Refer to the information provided in Figure 7.8 below to answer the question(s) that follow. 
Figure 7.8Refer to Figure 7.8 The firm?s isocost line could shift from CE to CD if
A. the firm?s total expenditures decreased by 33% or the price of capital and labor each increased by 50%. B. the firm?s total expenditures decreased by 33%. C. the price of capital increased. D. the price of labor increased by 33%.
If the price ceiling is set above the equilibrium price,
A. there will be a surplus. B. there will be a shortage. C. quantity demanded will equal quantity supplied. D. demand will be less than supply.
"Redistributing income in order to have a more equal distribution in the United States would result in a higher level of total consumer satisfaction." This statement is based on the concept that:
A. Income inequality is unfair B. Income inequality is undemocratic C. Income equality stimulates efficiency D. Incomes are subject to diminishing marginal utility