The Utah Pie case is an example of a violation of the Celler-Kefauver Act
a. True
b. False
Indicate whether the statement is true or false
False
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An essentially classical feature in the supply-side perception of the saving-investment process is an emphasis on
a. income and, therefore, on aggregate demand. b. the importance of rates of return as influences on the rates of saving, investment, and thus capital formation. c. the inflation rate. d. money neutrality e. both b and d.
In profit centers
a. Managers are difficult to evaluate because there is no simple metric of how well they performed b. Managers typically do not have the information to run their division efficiently c. Managers' decisions can affect other divisions d. Managers typically do not have the incentives to run their division efficiently
According to the rational expectations school, _____
a. on average people have very little idea of what to expect from government policy makers b. people form expectations by focusing only on the private sector c. changes in the expected price level shift the aggregate demand curve d. people do not consider likely government policies when forming expectations, choosing to remain rationally ignorant e. people form expectations, in part, by considering the probable future actions of government policy makers
Margaret can use her quarterly savings to buy a teakwood study table for her room or spend it on a small Christmas party with her family. The _____ cost of her enjoyment at the Christmas party would then equal the forgone utility of the study table
a. transaction b. exchange c. opportunity d. direct e. sunk