The Robinson-Patman Act is primarily concerned with
a. mergers
b. price fixing
c. price discrimination
d. monopoly
e. unfair and deceptive practices
C
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Which of the following is not a policy proposal of the neoclassical counter-revolution school?
a. promoting free trade b. privatizing state-owned enterprises c. welcoming multinational corporations d. promoting trade unions
Which of the following would likely be an example of a monopolistic industry?
a. fast-food restaurants b. cell phone service c. auto manufacturing d. none of the above
The quantity of pencils sold is 1000 at the unit price $0.5. Suppose the price elasticity of demand for pencils by the initial value method is 2, and you would like to increase the quantity sold to 1200. Then the new price for pencils must be:
A. $0.05. B. $0.25. C. $0.30. D. $0.45.
The late Hugo Chavez, Venezuela's former president, proposed that the independence of the Venezuelan central bank be eliminated
Given the research on the relationship between central bank independence and inflation, we should expect this event to cause inflation to ________ and the real exchange rate to ________ between the two counties. (Assume the nominal exchange does not change, and that the United States is the domestic country). A) rise in Venezuela relative to the United States; fall B) rise in Venezuela relative to the United States; rise C) fall in Venezuela relative to the United States; fall D) fall in Venezuela relative to the United States; rise