The Clayton Act of 1914:
A. prohibited selling products at "unreasonably low prices" with the intent of reducing competition.
B. outlawed tying contracts.
C. outlawed asset-purchase contracts that would substantially reduce competition.
D. made it illegal to monopolize a market.
Answer: B
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The demand for cars in a certain country is given by: D = 20,000 - P, where P is the price of a car. Supply by domestic car producers is: S = 5,000 + 0.5.If this economy is open to trade, and the world price of a car is $6,000, and the government imposes a quota allowing 3000 cars to be imported, then domestic price of the car will be ________.
A. $6,000 B. $5,000 C. $10,000 D. $8,000
In 1913, Congress established the Federal Reserve system with the intention of putting an end to
A) high unemployment rates. B) bank panics. C) high interest rates. D) inflation.
Susan Sneed gave up her $55,000 job at ACC, Inc to return to college to change careers. She reduced her wardrobe to cheaper jeans and t-shirts, paid $5,000 in tuition, continued to make her family's $1,200 per month home mortgage payments, and bore the burden of a variety of inane comments about the stupidity of older students giving up good paying jobs to return to school. Which of the above
items is not needed to determine the opportunity cost of her return to college? a. her $55,000 ACC, Inc. salary b. the altered wardrobe costs c. the $5,000 tuition expense d. her family's $1,200 per month mortgage expense e. psychological stress from inane comments
The disposable income consumers receive is equal to about what percentage of total income?
A. 70 percent. B. 95 percent. C. 30 percent. D. 50 percent.