The mechanical reaper was invented by
A. Eli Whitney.
B. The Marsh brothers.
C. John Deere.
D. Cyrus McCormick.
D. Cyrus McCormick.
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________ are the owners of a corporation
A) Bondholders B) The board of directors C) Stockholders D) Top management
Clarissa Kessler operates a store that sells toys. Her business suffered tremendously when a giant discount store chain opened a store in the area and is able to sell its products for less than Clarissa's wholesale cost
Is this evidence of illegal price discrimination on the part of the discount store chain? A) No, even if the price discrimination is based on differences in cost, the law states that it is not illegal. B) No, because it can be argued that the discount store chain is justified in charging lower prices because it is a large-volume buyer and is able to purchase toys at a lower wholesale price than Clarissa. C) Yes, it is clearly a violation of the Robinson-Patman Act. D) Yes, the discount store chain is engaging in predatory pricing.
Refer to Table 10.1. Equilibrium real GDP for this economy is equal to
A) $5.75 billion. B) $12 billion. C) $23 billion. D) $46 billion.
Which of the following is correct concerning the long-run Phillips curve?
a. Its position is determined primarily by monetary factors. b. If it shifts right, long-run aggregate supply shifts right. c. It cannot be changed by any government policy. d. Its position depends on the natural rate of unemployment.