The Sherman Act
A) prohibited banks from crossing states lines.
B) prohibited railroads from transporting explosives.
C) provided for the regulation of natural monopolies.
D) declared that monopolization and restraint of trade were illegal.
Answer: D
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Are federal budget deficits related to trade deficits?
A) Yes. Higher deficit spending goes up resulting in more government borrowing, and foreign residents who lend funds to the U.S. government have fewer resources to spend U.S. export goods. B) Yes, but only if the quality of U.S. goods and services is deteriorating. C) Yes. If U.S. consumers buy too many imported goods, they do not have funds to save, and a budget deficit results. D) No. The budget deficit is entirely a domestic matter, while the trade deficit only affects U.S. citizens who travel abroad.
Which of the following expressions must be equal to national saving for a closed economy?
a. Y - I - G - NX b. Y - C - G c. Y - I - C d. G + C - Y
Experience ratings provide firms with an incentive to:
A. hire older workers. B. invest in health and safety programs. C. hire disabled workers. D. None of these
In a perfectly competitive market, consumer surplus typically is
A. undefined. B. zero. C. negative. D. positive.