The United States has numerous antitrust laws on the books and numerous legal precedents on acceptable corporate behavior. Still, the true commitment to enforcement is measured by the
a. number of monopolies we sue
b. number of monopolies we break up
c. partiality of the federal judges
d. willingness of industry to behave
e. budget of the enforcement agencies
E
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Since 1960, in the United States the labor force participation rate for men has ________ and for women has ________
A) not changed; increased B) increased; increased C) increased; decreased D) decreased; decreased E) decreased; increased
Describe the properties of a progressive tax and illustrate with an example
What will be an ideal response?
The total cost of producing a given level of output is
A) maximized when a corner solution exists. B) minimized when the ratio of marginal product to input price is equal for all inputs. C) minimized when the marginal products of all inputs are equal. D) minimized when marginal product multiplied by input price is equal for all inputs.
Over the range of positive, but diminishing, marginal returns for an input, the total product curve:
A. Falls B. Rises at a constant rate C. Rises at a decreasing rate D. Rises at an increasing rate