The first antitrust legislation was the:
A. Sherman Act.
B. Clayton Act.
C. Federal Trade Commission Act.
D. Robinson-Patman Act.
Answer: A
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Which of the following would be most likely to cause an increase in the demand for gold?
A) A decrease in the price of gold B) The expectation of a future decrease in the price of gold C) An increase in the price of gold D) The expectation of a future increase in the price of gold E) An increase in the supply of gold
One obstacle to the adoption of the export promotion model by countries in other regions is that
A) the Uruguay Round of the GATT forbids many types of export promotion policies. B) the Washington Consensus opposes the spread of this model. C) research and development for new exports is too expensive. D) only noncommercial R&D is permitted under the rules of the GATT. E) industrial monopolies in the high-income countries will block further exports by developing countries.
An example of a good or service that would not count in the U.S. GDP would be:
A. a car made by Ford in Michigan. B. a car made by Toyota in Tennessee. C. sneakers made by Nike in Indonesia. D. sneakers made by New Balance in Ohio.
International capital-flow shocks tend to be less disruptive with floating exchange rates than with fixed exchange-rates.
Answer the following statement true (T) or false (F)