Which of the following acts prohibited predatory pricing?
A. Robinson-Patman Act
B. Tunney Act
C. Clayton Act
D. Sherman Act
Answer: A
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Wages paid to teachers, police personnel, and postal workers are not transfer payments because they are payments for services and not simply "transfers" of money
Indicate whether the statement is true or false
If both supply and demand increase, then the change in equilibrium quantity is indeterminate
a. True b. False
The price of a basket of goods and services in the U.S. is $600 . In Canada the same basket of goods costs 700 Canadian dollars. If the nominal exchange rate were 1.2 Canadian dollars per U.S. dollar, what would be the real exchange rate?
a. 700/600 b. 600/700 c. 700/720 d. None of the above is correct.
The most likely substitute good for cereal would be:
A. pizza. B. a hot dog. C. milk. D. a bagel.