The first act to declare monopolies illegal in the United States was the
a. Sherman Antitrust Act.
b. Clayton Act.
c. Federal Trade Commission Act.
d. Robinson-Patman Act.
a. Sherman Antitrust Act.
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In what sense is frictional unemployment "good" for the economy?
What will be an ideal response?
Indirect taxes are levied on
a. spending b. saving c. income d. wealth e. none of the above
The population theory of Thomas Malthus
(a) would have predicted the changes in per output in this country in the 19th century and up to 1910. (b) would lead you to expect a powerful surge in physical output as the immigration poured in. (c) would not have predicted the positive trend increase in per capita output and income in 1860–1910. (d) does not apply to any of the above.
In a monetary system, people will exchange a good for
a. another good. b. a service. c. money. d. gold or other precious metals.