Competitive firms X, Y, and Z meet in secret and agree to charge the same price. The U.S. Justice Department discovers this agreement and would most likely file charges under the:
a. Clayton Act.
b. Federal Trade Commission Act.
c. Sherman Act.
d. Tying Contracts Act.
c
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Which of the following products are likely to be complementary goods?
A) Coke and Pepsi B) portable MP3 players and batteries C) HD-DVDs and Blu-Ray DVDs D) Domino's pizza and Papa John's pizza
The balance of trade is the value of:
A. exports minus the value of imports. B. imports minus the value of exports. C. total goods purchased by the U.S. from abroad. D. total goods sold by the U.S. to parties abroad.
An individual's demand curve for a good is derived by
a. varying the income level and observing the resulting total utility derived from both goods b. varying the price of one good and observing the resulting quantities demanded of the other good c. varying the prices of both goods and observing the changes in quantities demanded of both goods d. shifting the budget line to the left and calculating the loss in total utility e. varying the price of one good and observing the resulting quantities demanded of that good
Increases in the supply of scientists and engineers can increase the level of
a. investment. b. consumption. c. government spending. d. technology.