In 1996, Archer Daniels Midland Company was found guilty of fixing the price of lysine. This is an example of:
A. judgment by design.
B. judgment by performance.
C. judgment by structure.
D. judgment that is not part of U.S. antitrust policy.
Answer: B
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How nations benefit from trade?
Greatest availability of a service to those who need it least is called
a. market system b. public provision c. adverse selection d. non-exclusion e. none of the above
The government component (G) of total output includes goods and services purchased by
a. the federal government plus transfer payments. b. all government institutions plus transfer payments. c. all government institutions. d. all government institutions plus tax revenues.
Any change in the volume of export or import by a small country will have no effect on its terms of trade.
Answer the following statement true (T) or false (F)