In the Microsoft case, the company was accused of violating that law the prohibits
A. firms from attempting to undercut competitors' prices.
B. firms from successfully achieving monopoly status.
C. firms from using their monopoly in one market to increase market share in another.
D. charging prices that are unfairly too high.
Answer: C
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Of the following, who gains with a quota?
A) domestic buyers of the good or service B) the importer of the good or service C) the foreign exporter of the good or service D) the government of the importing nation E) the government of the exporting nation
The Real GDP of country X doubled in 20 years. It follows that the annual growth rate in country X during this time period was
A) 4.0 percent. B) 5.0 percent. C) 2.8 percent. D) 3.5 percent.
Government transfer payments are income earned by individuals who work for the federal government.
Answer the following statement true (T) or false (F)
A dentist's office, which wants to serve the maximum number of patients given a fixed payroll, currently has two dentists and four dental hygienists. Dentists earn $60,000 a year and hygienists earn $15,000 a year. If the office is hiring the optimal combination of dentists and hygienists, and the last dentist hired served 120 additional patients, how many patients will the last hygienist hired add?
A. 60 B. 30 C. 120 D. 240