How did the Clayton Act of 1914 differ from the Sherman Antitrust Act of 1890?
The Clayton Act strengthened the antitrust laws and allowed private parties to sue firms alleged to be engaged in illegal restraint of trade.
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According to human capital theory, all of the following help make workers more productive EXCEPT
A) health and fitness. B) increased unemployment benefits. C) skills. D) education.
Under the U.K. Bribery Act, bribery ________ virtually illegal per se and individuals convicted under this act can face up to ________ years in prison.
A) is; 20 B) is not; 10 C) is not; 20 D) is; 10
Refer to Figure 7.3. Suppose a firm moves along the isoquant from point a to point b. The rate of substitution for labor with capital is:
A. 2.
B. -2.
C. ½.
D. -½.
Assume product A is an input in the production of product B. In turn product B is a complement to product C. We can expect a decrease in the price of A to:
A. decrease the supply of B and decrease the demand for C. B. increase the supply of B and increase the demand for C. C. decrease the supply of B and increase the demand for C. D. increase the supply of B and decrease the demand for C.