The biggest problem with the Sherman Antitrust Act of 1890 was that it was unclear what
A. "price discrimination" was.
B. "tying contracts" were.
C. "substantially lessen competition" meant.
D. specific acts were to be considered "restraints of trade."
Answer: D
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Pressure to redistribute the economic pie is strong when the economy is booming
Indicate whether the statement is true or false
The market demand curve for a product:
A. is the demand of an individual consumer. B. will lie to the right of all of the individual demand curves for a product. C. graphically is the vertical sum of the individual demand curves. D. will lie below all of the individual demand curves for a product.
Something that induces a person to act is called
a. a trade-off. b. a policy. c. an incentive. d. an opportunity cost.
Which of the following is NOT a solution to the manager-worker principal-agent problem?
A. Piece rates B. Sales sharing C. Spot checks D. Fixed hourly wages