A focus of antitrust activities is
A) entry blocking.
B) price fixing.
C) the buying of patents.
D) rent-seeking by lobbyists.
B
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An example of price floor is
a. Minimum wages b. Rent controls in New York c. Both a and b d. None of the above
When negative externalities are present, it leads to an underallocation of resources in that area relative to that which is socially desirable
a. True b. False Indicate whether the statement is true or false
The real value of an economic variable is
A. the producer price. B. computed by taking the nominal value and dividing by the appropriate price index. C. the consumer price index. D. expressed in terms of actual market prices at which goods are sold.
Answer the question based on the following list of factors that are related to the aggregate demand curve.
Which of the above factors best explain the downward slope of aggregate demand curve?
A. 2, 4, and 6
B. 7, 9, and 10
C. 1, 3, and 8
D. 4, 6, and 7