Which of the following was the first to prohibit "conspiracies in restraint of trade"?
A. The Sherman Act.
B. The Gramm-Rudman Act.
C. The Federal Trade Commission Act.
D. The Clayton Act.
Answer: A
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The supply curve of U.S. dollars is drawn assuming other things constant, such as
a. income in the rest of the world b. expectations about the rate of inflation in the United States relative to the rest of the world c. U.S. tastes and preferences for foreign goods d. the interest rate in the United States relative to the rest of the world e. tastes and preferences of the rest of the world for U.S. goods and services
The payroll tax is a
a. progressive tax. b. neutral tax. c. regressive tax. d. proportional tax.
Suppose the cost of operating a 75 room hotel for a night is $6,000 and there are 5 empty rooms for tonight. If the marginal cost of operating one room for one night is $40, the hotel manager should rent one of the empty rooms only if a customer is willing to pay
a. more than $40, as the average benefit will exceed the marginal cost. b. more than $40, as the marginal benefit will exceed the marginal cost. c. more than $80, as the average benefit will exceed the marginal cost. d. more than $80, as the marginal benefit will exceed the marginal cost.
Segmenting markets based on the percentage of a product or service that consumers buy or use is termed
Sociodemographic Psychographic Cohort Usage