The Clayton Act outlawed tying contracts.
Answer the following statement true (T) or false (F)
True
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Which of the following will not contribute to higher wage rates for labor?
a. increased unionization and decreased nonunionization of employees in the economy b. a rapid increase in the demand for labor c. significantly relaxed immigration standards d. increases in technological advances that are substitutes for labor
From 2009 to 2012, the federal budget deficits were the largest budget shortfalls since World War II. The primary reason for the record-large deficits was
a. the recession experienced during this time. b. severe budget tightening by members of Congress. c. the shift in political power from Republicans to Democrats. d. All of the above are correct.
Why do the individual demand curves for Peter and Lois have steeper downward slopes than the market demand curve?
a. The market demand curve has a larger change in quantity of coffee demanded than individual curves.
b. The market demand curve has a larger change in coffee prices than individual curves.
c. The market demand curve has a lesser change in quantity of coffee demanded than individual curves.
d. The market demand curve has a lesser change in coffee prices than individual curves.
If the central bank expands the money supply under floating exchange rates, it potentially stimulates the economy in two ways, namely:
A) by raising the price level and by increased competition. B) by lowering the rate of interest and by causing a depreciation of the currency. C) by creating higher spending and by increasing the budget deficit. D) by increasing worker productivity and creating R&D incentives for firms.