Following the circular flow of a mixed economy, firms receive a flow of dollars from and send goods and services to:

a. Output Markets.
b. Input Markets.
c. Households.
d. Government.


a. Output Markets.

Business

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Indicate whether the statement is true or false

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Indicate whether the statement is true or false

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We are likely to accept increasingly major infractions as long as each violation is only incrementally more serious than the preceding one. This is called:

a. Indirect blindness b. Motivated blindness c. Incremental violations d. Reward systems

Business

USA Cellphone Corporation requires all distributors of its products to sell the products at specified minimum prices. This resale price maintenance agreement is

A. a per se violation of antitrust law. B. a legal restraint of trade. C. subject to evaluation under the rule of reason. D. not subject to antitrust law.

Business