The legislation which prohibited acquisition of stock of another company if this would significantly lessen competition is the:
A. Federal Trade Commission Act
B. Clayton Act
C. Celler-Kefauver Act
D. Wheeler-Lea Act
B. Clayton Act
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Input efficiency:
B. is not a requirement of Pareto efficiency in a production economy. C. exists when it is possible to produce more of one good and at least as much of every other good using the same inputs. D. is the same as efficient efficiency.
Suppose two economies, the United States and Saudi Arabia, each have a GDP of $1,000 . A U.S. war effort involves the purchase of $100 of Saudi oil, which is financed by selling $100 worth of U.S. government bonds to Saudi Arabia. During the war period,
a. U.S. civilian and war consumption stays at $1,000 while Saudi consumption falls to $900 b. U.S. civilian and war consumption increases to $1,100 while Saudi consumption stays at $1,000 c. U.S. civilian and war consumption increases to $1,100 while Saudi consumption falls to $900 d. U.S. civilian and war consumption stays at $1,000 and Saudi consumption stays at $1,000 e. U.S. civilian and war consumption stays at $1,000 while Saudi consumption rises to $1,100
A prisoner's dilemma illustrates situations in which:
A. there is a conflict between the narrow self-interest of individuals and the broader interests of a group. B. resources with the lowest opportunity cost should be used first. C. efficiency is an important social goal. D. everyone does best when each person specializes in the activities in which he or she has a comparative advantage.
Define net exports
What will be an ideal response?