Which of the following is exempt from antitrust laws?
A) professional basketball
B) suppliers of military equipment
C) telephone companies
D) automobile companies
Answer: B
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The Lorenz curve of perfect equality is a
a. vertical line. b. upward sloping line from the origin. c. U-shaped line. d. horizontal line.
Charging firms that emit pollutants is one way to deal with pollution
a. True b. False Indicate whether the statement is true or false
If the government legalizes the purchase and sale of marijuana, the equilibrium quantity would _________ and the price would ________ if the supply of marijuana increased by _______ than the demand for marijuana increased as a result of the legalization
A) rise; rise; more B) fall; rise; more C) rise; fall; more D) rise; rise; less E) none of the above
If income tax rates are cut, the size of the budget deficit will necessarily increase
Indicate whether the statement is true or false