In the Sherman Antitrust Act, the phrase “restraint of trade” referred to ______.
a. tariffs and taxes
b. boycotts ad embargoes
c. overproduction and surplus
d. price fixing and collusion
d. price fixing and collusion
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Use the following table to answer the question below.Jake's Production Possibilities ScheduleJane's Production Possibilities SchedulePounds of Green BeansPounds of CornPounds of Green BeansPounds of Corn01600801012020602080404030406020400800Without trade, Jake consumes 20 pounds of green beans and 80 pounds of corn, and Jane consumes 40 pounds of green beans and 40 pounds of corn. If the terms of trade are 1 pound of green beans for 3 pounds of corn, and Jake sells Jane 72 pounds of corn after specialization, then Jane consumes ________ pounds of green beans and ________ pounds of corn.
A. 56, 72 B. 88, 24 C. 72, 56 D. 24, 88
A firm that buys foreign exchange in order to take advantage of higher foreign interest rates is
A) speculating. B) demonstrating purchasing power parity. C) engaging in interest rate arbitrage. D) responding to fluctuations in the business cycle. E) ignoring the nominal rate of exchange.
In the Keynesian model, it is assumed that, when demand for a firm's product changes, the firm changes:
A. production levels to meet the demand. B. prices, but holds production levels constant, to meet the demand. C. prices to meet the demand. D. prices and production levels to meet demand.
The expected real interest rate (r) is equal to
A. nominal interest rate minus inflation rate. B. nominal interest rate plus expected inflation rate. C. expected nominal interest rate minus inflation rate. D. nominal interest rate minus expected inflation rate.