If a firm is found guilty of violating any of the European Union competition laws, courts ________ impose fines and ________ sentence managers who have violated the law to jail.
A) can; cannot
B) cannot; cannot
C) can; can
D) cannot; can
A) can; cannot
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The U.S. population growth rate in the first half of the 19th century was
a. about the same as that of most European countries. b. lower than that of most European countries. c. much higher than that of most European countries. d. sporadic—sometimes high and sometimes low.
What is another name for the natural unemployment rate?
a. Non-deteriorating low-inflationary unemployment (NDLIU) b. Natural rate of no-inflation unemployment (NRNIU) c. Non-accelerating-inflation rate of unemployment (NAIRU) d. Non-inflationary rate of low unemployment (NIRLU) e. Natural unaffected rate of inflationary unemployment (NURIU)
The amount that individuals would have been willing to pay, minus the amount that they actually paid, is called:
a. producer surplus. b. consumer surplus. c. total surplus. d. demand surplus.
The classical theory of employment held that
A. total consumption would always equal total saving. B. the savings of wealthy households would be borrowed and spent on consumer goods by poor households. C. investment might either be less than, or greater than, saving. D. the savings of households would all be borrowed and invested by businesses.