Physical capital refers to stocks and bonds
Indicate whether the statement is true or false
FALSE
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The Clayton Act of 1914 prohibits ________ if it substantially lessens competition or creates a monopoly
A) people from serving on the board of directors of competing firms B) contracts that force other goods to be bought from the same firm C) both of the above D) neither of the above
Under a gold standard, a balance of payments deficit automatically
a. raised interest rates. b. decreased exports. c. increased domestic prices. d. increased imports.
A market demand curve is found by
A. taking the demand curve of the "representative" consumer. B. adding the prices and the quantities demanded by a consumer. C. adding the quantities demanded for each individual consumer at each price. D. adding the prices each consumer would pay for each quantity.
An economy's resources:
a. are limited in quantity. b. are always efficiently utilized. c. consist of land, labor, capital, and money. d. are unrelated to its standard of living. e. are unlimited when we use the latest technology.