The statement "Every contract, combination in the form of a trust or otherwise, or conspiracy, in restraint of trade or commerce . . ." is found in the
A) Sherman Antitrust Act.
B) Clayton Antitrust Act.
C) Robinson-Patman Act.
D) Interstate Commerce Commission Act.
Answer: A
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If the prices of productive substitute goods decreased and productive technology improved at the same time, as a result: a. prices would rise and there would be and an indeterminate effect on quantities exchanged. b. prices would fall and there would be and an indeterminate effect on quantities exchanged. c. prices would rise and larger quantities would be exchanged
d. prices would fall and larger quantities would be exchanged.
If you receive $18 worth of pleasure from the first hole of golf played and your additional pleasure from succeeding holes drops $1 for each hole played, how many holes of golf would you play if you had to pay $2.10 per hole?
A. 9 B. 14 C. 12 D. 16
If the data collected by policy makers overstate inflation, this is an example of
A. A goal conflict. B. An implementation problem. C. A design problem. D. A measurement problem.
In the above figure, if we start at AD1 and SRAS1, and the money supply increases unexpectedly, what would be the long-run equilibrium?
A. P1 B. E2 C. E3 D. E1