To date, the longest prison sentence for violating the Sherman Act has been ________ years.
A) ten B) eight C) two D) five
D) five
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Shaniq buys only soda and pizza and is buying the amounts that maximize her utility. The marginal utility from a soda is 30 and the price of a soda is $2. The marginal utility from a slice of pizza is also 30. The price of a slice of pizza must be
A) $30. B) $2. C) $1. D) some amount that cannot be calculated without more information.
Monetary policy tools include:
A. The reserve ratio and the discount rate. B. Open market operations and deregulation. C. Open market operations and government spending. D. Income taxes and the discount rate.
When quantity demanded is more than quantity supplied:
a. rationing b. price floor c. excess demand d. surplus e. equilibrium
The demand curve a monopoly faces is
A. horizontal. B. upward sloping. C. vertical. D. downward sloping.