Which one of the following is not prohibited by the original Clayton Act?
A. The purchase of the stocks of rival firms that lessens competition.
B. The purchase of the assets of rival firms that lessens competition.
C. An exclusive dealer or tying agreements that lessen competition.
D. Price discrimination that lessens competition.
Answer: B
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A rational individual would rather receive $5,000 today than receive $6,000 in one year if the applicable nominal interest rate was 10%
a. True b. False Indicate whether the statement is true or false
To move quickly to turn around the crisis during 2007-2008, the U.S. Federal Reserve relied on:
a. lowering taxes. b. removing restrictions on collateral, adding more categories of securities purchased by the Federal Reserve, and expanding its operations with nonbank dealers. b. tightening up credit rules and keeping banks out of trouble. d. admonishing the administration for its excessive debt situation.
Which of the following best exemplifies negative marginal product?
a. Hugo’s Pet Supply has so many dog groomers on staff that most days some of them have nothing to do. b. Each new supermarket WRV Foods opens in Springfield is a little less successful than the last. c. Duke’s Auto Sales has had to turn away potential customers because all of its salespeople are busy. d. Tri-Cities Paving has four fully-staffed cement mixers working at full capacity.
Exhibit 9-8 Keynesian aggregate expenditures model
?
In Exhibit 9-8, the value of the spending multiplier is:
A. 3. B. 4. C. 5. D. 2.