Courts must approve ________, that is, formal agreements on remedies between all parties to an antitrust case.
A. consent decrees
B. criminal actions
C. private actions
D. treble damages
Answer: A
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Which of the following results in an increase in the supply of a good or service?
A) a rise in the price of the good or service B) an increase in foreign imports of the good or service C) a fall in the price of the good or service D) a smaller number of sellers producing the good or service E) higher taxes imposed upon producers of the good or service
The standard of living (measured by what one can purchase with after-tax income) of free Americans on the eve of the Revolution was ______
a. lower than in 18th -century England, and lower than most people in the "Third World" today. b. higher than in 18th -century England, and higher than most people in the "Third World" today. c. lower than in 18th century England, but higher than most people in the "Third World" today. d. higher than in 18th- century England, but lower than most people in the "Third World" today.
A smart phone would be considered:
A. a common resource. B. a private good. C. a public good. D. an artificially scarce good.
The first claim on a corporation's after-tax profits is held by the
a. consumers b. managers c. stockholders d. bondholders e. government