The Sherman Antitrust Act states that if a person can prove that he was damaged by an illegal arrangement to restrain trade, he could sue and recover three times the damages he sustained
a. True
b. False
Indicate whether the statement is true or false
False
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Identify the correct statement
a. District banks of the Fed hold reserves in the form of deposits at the Fed. b. Commercial banks in each district make loans to the Fed. c. The Fed sells U.S. government securities for the U.S. Treasury. d. The district banks of the Fed print money and supply currency to the Fed. e. The Fed holds the reserves of the commercial banks but it does not issues checks.
When you graduate from college, you may not immediately jump into a job but wait a few months "sampling" the possibilities. During this time, you may be forced to live with your parents and play by their rules. When the BLS comes by to inquire about your working status and you tell them your story, the BLS will record you as being
a. in the labor force but structurally unemployed b. spoiled and lazy c. frictionally unemployed d. not part of the labor force because you're not really looking for a job e. not in the labor force because you are categorized as belonging to a set of people who are of military age and not working
When a firm or economy is operating efficiently, it is operating
a. outside its production possibilities frontier. b. inside its production possibilities frontier. c. on its production possibilities frontier. d. at the intersection of the production possibilities frontier and the vertical axis. e. at the intersection of the production possibilities frontier and the horizontal axis.
Which of the following are leakages from the circular flow of income?
a. Savings, taxes, and imports b. Investment, government purchases, and exports c. Investment, taxes and bonds d. Imports, wages and taxes