A duty of economists at the Department of Labor is to
a. analyze data on workers.
b. schedule federal holidays.
c. enforce the nation's antitrust laws.
d. All of the above are correct.
a
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Under a per se approach to the antitrust laws,
a. the government must prove some anticompetitive outcome from the act. b. large size alone can be an antitrust violation. c. the action will pass antitrust scrutiny if it is shown to be reasonable. d. the only real question is whether the prices charged are reasonable. e. the courts have ruled antitrust laws unconstitutional
Headline inflation:
A. includes all of the goods the average consumer buys. B. is based on the CPI basket of goods. C. is measured using core inflation with the prices of food and gasoline added in. D. All of these statements are true.
Explain the different sources of negative network externalities
Economic rent refers to profit derived from owning real estate.
Answer the following statement true (T) or false (F)