The legislation that extended antitrust legislation to proprietorships and partnerships was the:
A. Sherman Act.
B. Hart-Scott-Rodino Act.
C. Robinson-Patman Act.
D. Celler-Kefauver Act.
Answer: B
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Explain the term "free riders."
What will be an ideal response?
If it is difficult for a firm to attribute the output it produces to a particular worker then
A) a piece-rate system of compensation will be preferable to a salary system. B) a salary compensation system will be preferable to a commission system. C) its employees are likely to form a union. D) a commission system of compensation will be preferable to a salary system.
The federal government budget deficits of the late 2000s were driven by:
a. foreign trade deficits. b. increases in government spending. c. declines in tax rates and tax revenue. d. excessive money growth. e. both b and c.
If M stand for the money supply, V for the velocity of money, P for the average selling price, and Q for the output of goods and services, the equation of exchange is MV = PQ
a. True b. False Indicate whether the statement is true or false