Which of the following is true of the antitrust laws in the United States? They are
A) designed to make the business environment more equitable.
B) designed to promote a competitive economy.
C) deliberately written in a way to make clear to all what is and what is not allowed.
D) deliberately written in a language to promote cooperation among businesses.
B
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Countries with high real GDP tend to have ________ infant mortality rates and ________ literacy rates than countries with low real GDP.
A. lower; lower B. lower; higher C. higher; higher D. higher; lower
Assume there is a toll bridge that is built by a private firm. It's been determined by cost accountants that the marginal cost that each automobile imposes is close to zero
If the bridge cost $1 million to build and 250,000 automobiles cross it each day what is the price that would be necessary for the firm to charge in order to achieve the key efficiency criteria of perfect competition? How might this be a problem for this private bridge company?
If the government reduces transfer payments, what happens to the budget deficit? What curve does this change in the market for loanable funds, which direction does it shift, and what happens to the equilibrium interest rate?
Which of the following best describes the built-in stabilizers as they function in the United States?
A. Personal and corporate income tax collections automatically fall and transfers and subsidies automatically rise as the national income rises. B. Personal and corporate income tax collections and transfers and subsidies all automatically vary inversely with the level of national income. C. Personal and corporate income tax collections automatically rise and transfers and subsidies automatically decline as national income rises. D. Personal and corporate income tax collections and transfers and subsidies all automatically vary directly with the level of national income.