A government agency charged with enforcing antitrust laws is
A) the Federal Reserve Board.
B) the National Labor Relations Board.
C) the Council of Economic Advisors.
D) the Federal Trade Commission.
D
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At equilibrium, the market will clear, with no surpluses or shortages occurring.
Answer the following statement true (T) or false (F)
When the percentage change in the quantity demanded equals the percentage change in price, then demand is
A) inelastic. B) unit elastic. C) elastic. D) irrelevant. E) undefined.
By 1830 home manufacture had declined significantly due to:
a. increased industrial organization. b. increased tariffs. c. advances in transportation. d. Both a and b are correct. e. Both a and c are correct.
In January 2009, how many members of the Federal Reserve board had been appointed by George Bush?
A. 4 B. 6 C. 7 D. 9