The antitrust legislation that made it illegal for a firm to buy a competitor's voting stock was the:
a. Sherman Antitrust Act.
b. Celler-Kefauver Act.
c. FTC Act.
d. Robinson-Patman Act.
e. Clayton Act.
e
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An open market purchase of government securities by the Fed would shift the aggregate demand curve leftward
Indicate whether the statement is true or false
A decrease in the demand for dollars on the foreign exchange market, all else equal, will result in:
A) appreciation of the U.S. dollar and depreciation of the foreign currency.
B) appreciation of the U.S. dollar and appreciation of the foreign currency.
C) depreciation of the U.S. dollar and depreciation of the foreign currency.
D) depreciation of the U.S. dollar and appreciation of the foreign currency.
The marginal product of labor is the
a. marginal revenue product minus the wage paid to the worker. b. total amount of output divided by the total units of labor. c. increase in the amount of output from an additional unit of labor. d. None of the above is correct.
Which statement is true?
A. Most of the United States' production is geared toward consumer goods. B. Nearly 25 percent of the United States' national output is devoted to armaments. C. Japan devotes a higher proportion of its national output to armaments than the United States does. D. What gets produced in the United States is decided by a central planning board consisting of top government, corporate, and union officials.