Which of the following events occurred during the 2000 to 2003 time-frame and had an important impact on the deficit/surplus projections?
A. The decrease in unemployment rates from 2002 to 2003
B. The increase in inflation rates from 2000 to 2002
C. The recession of 2001
D. The increase in interest rates from 2001 to 2003
Answer: C
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What was the first important law regulating monopoly that prohibited "restraint of trade"?
a. Sherman Act b. Robinson-Patman Act c. Cellar-Kefauver Act d. Clayton Act
Most of the world's population lives in developed, rather than developing, countries.
Answer the following statement true (T) or false (F)
Platform monopolies initially make large losses because they:
A. receive subsidies from other businesses. B. are trying to gain market share as quickly as possible. C. have to hire high-salary tech employees. D. receive subsidies from government.
A decision made by a rational person
A) is intended to make the person worse off. B) would always make the person wealthier. C) is identical to a decision that would be made by any other person facing the same choices. D) is intended to make the person better off.