Antitrust laws in the United States
A) are an attempt to foster competition.
B) are not necessary in the twenty-first century.
C) have not been used in the past twenty-five years.
D) are the same as the laws in the European Union.
Answer: A
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One of the strong parallels between the development of virtual currencies and the development of currencies in the United States during the 1800s is:
a. Both began as physical currencies. b. They owe their size and stature to governments, worldwide, that supported their growth and development. c. They owe their growth and development to public trust. d. All of the statements above are true.
The price of imported oil decreased in 2001. How did this affect the aggregate supply curve?
A. The aggregate supply curve became steeper. B. The aggregate supply curve became flatter. C. The aggregate supply curve shifted inward. D. The aggregate supply curve shifted outward.
Which of the following equations would indicate income elasticity of demand?
a. +20% × +10% = +200 b. +20% + +10% = +30 c. +20% ¸ +10% = +2 d. +20% – +10% = +10
When critics of U.S. farm policy say that it treats symptoms rather than causes, they mean that the:
A. policy attempts to bolster low farm income, while the real problem is an overallocation of resources to agriculture. B. policy deals with the overallocation of resources to agriculture, while the basic farm problem is low incomes. C. policy attempts to bolster low farm incomes, while the real problem is an underallocation of resources to agriculture. D. restriction of output in the short run may reduce productive capacity in agriculture in the long run.