The federal law that prohibits, among other things, "unfair" competition and created the Federal Trade Commission is the:
A) Sherman Act of 1890.
B) Clayton Act of 1914.
C) Federal Trade Commission Act of 1914.
D) Celler-Kefauver Act of 1950.
C
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In general, entrepreneurs prefer:
A. more diversification, to reduce the risk of their ventures. B. more diversification, to increase the risk and payoff of their ventures. C. less diversification, to reduce the risk of their ventures. D. less diversification, to increase the risk and payoff of their ventures.
Expected value refers to the
A. Present value of a future payment. B. Difference in the rates of return on risky and safe investments. C. Probable value of a future payment, including the risk of nonpayment. D. Future value of a current payment.
If government is going to provide an environment for economic prosperity
What will be an ideal response?
If demand for drugs is inelastic, then changes in the supply curve through interdiction efforts will dramatically
A. raise equilibrium quantity. B. lower equilibrium quantity. C. lower equilibrium price. D. raise equilibrium price.