Under the Clayton Act, which of the following was illegal, even if it was not shown to lessen competition substantially?
a. Price discrimination.
b. Tying contract.
c. Horizontal mergers by stock acquisition.
d. Interlocking directorates.
d
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Refer to the figure below. 
In the figure, a business cycle trough is shown by which point(s)?
A. D only B. B and D C. A and C and E D. A only
What is the opportunity cost of 1 tractor in terms of automobiles for the U.S. and Japan, respectively?
A. 0.5 automobiles and 2 automobiles
B. 0.5 automobiles and 1 automobile
C. 2 automobiles and 1 automobile
D. 2 automobile and .25 automobiles
The telephone is an example of a product with network externalities
Indicate whether the statement is true or false
Society's economizing problem involves: (check all that apply)
a. devoting equal amounts of resources to goods and services such as health care, energy, and education b. devoting more resources to physical capital goods that deliver consumer goods and lead to economic growth and higher standards of living. c. making choices in the face of scarcity. d. scarce resources. e. opportunity cost.