The Celler-Kefauver Act of 1950 amended the:
a. Sherman Antitrust Act.
b. Clayton Act.
c. Federal Trade Commission Act.
d. Robinson-Patman Act.
b
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If it is said that a currency is undervalued against the dollar, it is meant that:
A) the dollar is worth more of that currency than it would have been under a fixed exchange rate regime. B) the dollar is worth more of that currency than it would have been under a flexible exchange rate regime. C) the dollar is worth less of that currency than it would have been under a fixed exchange rate regime. D) the dollar is worth more of that currency than it would have been under a managed exchange rate regime.
Children under the age of 15 represent about __________ percent of the population of developing countries
(a) 25 (b) 29 (c) 30 (d) 61 (e) 75
When an asset is described as being highly liquid, which one of the following characteristics does it possess?
A) It earns a high rate of interest, so its purchasing power is maintained when prices rise. B) It is easily and readily converted into money without any loss in purchasing power. C) The face value of the asset is somewhat less than its value when converted into currency. D) The asset holds its value over time.
Economists believe that in regards to criminal behavior:
a. people engage in criminal activity because they are genetically predisposed to do so. b. those choosing to commit criminal acts weigh the expected marginal benefits versus the expected marginal costs. c. individuals are irrational and don't respond to incentives. d. economics can shed very little light on the subject