Without ________, there would have been no legal means for the government to curb even those mergers that most blatantly stifled competition.
A. vertical mergers
B. multinationals
C. antitrust
D. None of the choices are correct.
C. antitrust
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The law of diminishing marginal utility indicates that the slope of the marginal utility curve eventually becomes:
a. negative b. vertical c. horizontal d. positive
Suppose that a firm's long-run average total costs of producing hand-crafted chairs is $300 when it produces 10,000 chairs and $325 when it produces 11,000 chairs. For this range of output, the firm is likely experiencing
a. economies of scale. b. constant returns to scale. c. specialization. d. coordination problems.
Refer to the accompanying figure.
Starting from long-run equilibrium at point C, a favorable inflation shock that decreases inflation from ? to ?1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. B; C B. A; B C. B; A D. A; C
Which of the following groups has the highest proportion of unskilled illegal immigrants in the U.S.?
A. Agricultural workers B. Construction workers C. Cleaning workers D. Food preparers