If a U.S. firm invites foreign officials to an industry conference and pays for foreign officials to have a modest lunch at the conference, the Foreign Corrupt Practice Act (FCPA) would ________ consider the lunch to be a facilitating payment and would ________ consider the act to be illegal.
A) likely; likely
B) likely not; not likely
C) likely; not likely
D) likely not; likely
C) likely; not likely
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When supply increases and the supply curve shifts to the right, equilibrium price and equilibrium quantity will both increase
Indicate whether the statement is true or false
If Congress instituted an investment tax credit, the demand for loanable funds would shift rightward
a. True b. False Indicate whether the statement is true or false
Which of the following statements is an example of confusing association and causation?
A. Senator Jones believes that more tax revenue should be distributed to the poor. B. A map includes roads, but not every restaurant, telephone pole, and C. Interest rates rise when it rains, all other factors constant. D. When the price of Coca-Cola increases, consumers buy more Pepsi, all other factors constant.
In a court decision in June 2001, the Federal District Count of Appeals in Washington, D.C. found that Microsoft had violated the
A) Clayton Act. B) Robinson-Patman Act. C) Sherman Act. D) Celler-Kefauver Act.