Which of the following is NOT exempt from antitrust laws?
A) professional baseball
B) labor unions
C) airlines
D) public transit systems
C
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Does international trade benefit all the economic agents in a country when the country is opened to international trade? Explain your answer
What will be an ideal response?
Rank these three items in terms of the elasticity of the demand for them at any given price, from most elastic to least elastic: hot beverages, coffee and Peet's Coffee
A) hot beverages, coffee, Peet's Coffee B) coffee, Peet's Coffee, hot beverages C) Peet's Coffee, coffee, hot beverages D) coffee, hot beverages, Peet's Coffee
It is not possible for a regulated public utility to earn economic profits in the short run
a. True b. False Indicate whether the statement is true or false
The natural rate of unemployment: a. is the sum of both frictional and structural unemployment when they are at a maximum. b. includes only frictional unemployment
c. includes only structural unemployment. d. includes only cyclical unemployment.