All of the following are required to make a tying arrangement vulnerable to antitrust prosecution except which one?
A) There must be at least two products involved.
B) There must be proof of an actual tie between two products.
C) There cannot be proof of an actual tie between two products.
D) The seller must have substantial market power in the market for the tying product.
C) There cannot be proof of an actual tie between two products.
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A decrease in the price of driver liability insurance will ________ the ________ for new automobiles
A) decrease; demand B) increase; demand C) decrease; supply D) increase; supply E) None of the above is correct.
U-1 is a more ________ measure of unemployment rate than the conventional U-3 measure and U-1 counts as unemployed workers who ________
A) narrow; have been unemployed for 15 weeks or more weeks B) broad; have been laid off C) broad; are marginally attached to the labor force D) narrow; have been laid off E) broad; who are discouraged workers
The marginal propensity to consume is always
a. a negative number b. larger than 1.0 c. larger than 10 d. greater than zero and less than 0.5 e. greater than zero and less than 1.0
Moving from one curve to another in an indifference map always increases utility
Indicate whether the statement is true or false