An important law in the U.S. regulation of markets is the:
A. Sherman Antitrust Act of 1890.
B. Lincoln Antitrust Act of 1890.
C. Standard Oil Antitrust Act of 1890.
D. Alcoa Antitrust Act of 1890.
Answer: A
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If tax revenues equal 25 percent of total output and government expenditures equal 20 percent of total output, then there is a:
A. government budget deficit. B. government budget surplus. C. trade deficit. D. trade surplus.
Which of the following statements is CORRECT?
A) When workers become more productive, the demand for labor curve shifts rightward. B) When technology decreases, the supply of labor curve shifts leftward. C) When labor force participation increases, the supply of labor curve shifts leftward. D) When human capital increases, the demand for labor curve shifts leftward.
Sam lives in a town with a population of 3,000 . He says, "This town really needs a pizza restaurant. People want pizza and would be willing to pay a lot for it, but no one will open a pizza place because they couldn't make any money." Evaluate Sam's statement
Which of the following is a risk that investors undertake when purchasing stocks?
a. An individual stock can rise and fall unpredictably. b. Nearly all stocks in the stock market may rise or fall together, when expectations about the entire economy change. c. Both a and b are true. d. Neither a nor b is true.