Which statement is true?
A. The first trustbusters were Presidents Franklin D. Roosevelt and Harry Truman.
B. The merger of Exxon and Mobil oil companies was a vertical merger.
C. The Supreme Court did not use the rule of reason in the ALCOA case of 1945.
D. The trend toward concentration of business has declined ever since the passage of the Sherman Antitrust in 1890.
C. The Supreme Court did not use the rule of reason in the ALCOA case of 1945.
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How did the use of the euro limit the use of monetary policy by European nations severely affected by the Financial Crisis of 2007-2009?
What will be an ideal response?
A consumer will continue to purchase items until the budget is exhausted and ________ ________ is equal
a. consumer surplus b. marginal utility c. marginal cost d. consumer deficit
Charles Murray believed that the antipoverty programs of the 1960s and 1970s
A. drastically reduced the level of poverty. B. slightly reduced the level of poverty. C. had no impact on the level of poverty. D. caused more poverty.
Suppose a family-owned donut shop has $80,000 in total revenues, $36,000 in rent, and $20,000 in additional operating costs. The husband and wife work in the shop and pay no wages to themselves or others. The economic profits from the donut shop are
A. more than $24,000. B. $80,000. C. less than $24,000. D. $24,000.