In the United States, antitrust enforcement focuses on
A) the profitability of the leading firms in an industry.
B) the degree of market concentration within a market.
C) the average level of prices charged by firms.
D) the price-cost margin of an industry.
B
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In the decades before the Civil War, the South __________________________.
A. opposed the extension of slavery into the territories B. supported the extension of slavery into the territories C. cooperated with the North to establish both free and slavery territories D. None of the choices are true
An increase in the discount rate
A) increases the cost of reserves borrowed from the Fed. B) signals the Fed's desire to increase the money supply. C) signals the Fed's desire to lend increased reserves to banks. D) reduces the cost of reserves borrowed from the Fed.
________ have a horizontal and a vertical axis and are used in economics to illustrate relationships between two economic variables
A) One-dimensional graphs B) Two-dimensional graphs C) Bar graphs D) Pie Charts
Everything else held constant, an increase in the liquidity of bonds results in a ________ in demand for bonds and the demand curve shifts to the ________
A) rise; right B) rise; left C) fall; right D) fall; left