(Consider This) The Consider This box "Of Catfish and Art (and Other Things in Common)" lists examples of recent antitrust cases involving:
A. monopolization.
B. tying contracts.
C. price-fixing.
D. horizontal mergers.
Answer: C
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The argument that rising energy prices caused the decline in U.S. productivity in the 1970s is made less believable due to the
A. falling level of saving in the 1970s. B. falling level of energy prices in the 1980s. C. rising level of energy prices in the 1980s. D. rising level of energy prices in the 1990s.
Suppose you are paid a wage of $50 per hour. if your marginal income tax rate is 20%, then for every additional hour you work, your tax wedge is
A) $10. B) $20. C) $25. D) $40.
"Those most able should pay the highest taxes" reflects the
a. ability-to-pay principle. b. concept of horizontal equity. c. idea of fiscal federalism. d. benefits principle.
The most visible market signal of the Fed's activity is the
A. Federal funds rate. B. Equilibrium interest rate. C. Discount rate. D. Prime lending rate.