The Sherman Antitrust Act
A. called for the establishment of the Federal Trade Commission.
B. made tying contracts illegal and banned price discrimination.
C. limited mergers that would substantially limit competition.
D. declared monopoly and trade restraints illegal.
Answer: D
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Until 1863, National Banking was a mix of licensing by state charters, banking done by nonchartered private bankers, and free banking
Indicate whether the statement is true or false
Since World War II, the consumer price index has increased by an average of _____
a. 1.4 percent per year b. 2.1 percent per year c. 6.4 percent per year d. 5.6 percent per year e. 3.5 percent per year
The main shortcoming of the market, in the view of many,
A. lies in the arena of justice and injustice. B. lies in the area of consumer goods production. C. is its inability to stimulate the creation of new products. D. is its drag on growth in productivity.
Which of the following is NOT one of features characterizing market structures?
A. the level of capital investment in research and development B. the degree of product differentiation C. the number and size of firms D. the likelihood of new firm's entering a market