In 2008, the government bought $2,883 billion worth of goods and services that were part of GDP, representing about _________ of the total
a. half
b. a third
c. a fifth
d. a quarter
e. two fifths.
C
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The earliest antitrust act was the ____ Act.
A. Clayton B. Federal Trade Commission C. Sherman
On the graph showing the impact of patent protection on equilibrium price and quantity, when a patent on a drug expires, consumers gain a consumer surplus of approximately area ______.
a. a
b. b
c. bc
d. abc
In 2015, federal, state, and local governments spent almost
A. $600 billion. B. $6 trillion. C. $3 trillion. D. $4 billion.
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. Figure 7.10Refer to Figure 7.10. At Point A the absolute value of the slope of the q1 = 100 isoquant is
A. less than 2. B. exactly equal to 2. C. greater than 2. D. indeterminate from this information.