The federal law that prohibits, among other things, price discrimination that lessens competition, the use of tie-in sales, and mergers between firms that reduce competition is the:
A) Sherman Act of 1890.
B) Clayton Act of 1914.
C) Federal Trade Commission Act of 1914.
D) Celler-Kefauver Act of 1950.
B
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A U.S. presidential candidate promises to redistribute income and encourage economic growth. Why might these goals be in conflict? a. The poor, on average, save more than the rich. Taxing the incomes of the rich to transfer to the poor will result in an increase in total savings. b. Taxing the incomes of the rich to transfer to the poor will result in the rich saving more
c. Taxing the incomes of the rich to transfer to the poor will provide disincentives for work and capital accumulation. d. Taxing the incomes of the rich to transfer to the poor will provide incentives for the rich to work more to make up for income lost to taxes.
Describe the two things that limit the precision of the Fed's control of the money supply and explain how each limits that control
Which one of the following statements is false?
a. Technological progress will lower the price of transferable pollution permits b. Under a pollution tax, technological progress will reduce overall pollution levels c. Under a system of transferable permits, technological progress will reduce overall pollution levels d. A pollution tax creates an incentive for technological progress e. Under a system of transferable permits, technological progress can result in some firms increasing their pollution levels
Real GDP per capita is a
A. better measure of the physical environment than output. B. worse measure of the physical environment than output. C. better measure of personal material consumption than output. D. worse measure of personal material consumption than output.