Which of the following is directly illegal under the Sherman Act?
A. Price discrimination.
B. Tying contracts.
C. Price-fixing.
D. Interlocking directorates.
Answer: C
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Figure 19-2
In Figure 19-2, the derived demand curve is the line
A. ABCD. B. CDEF. C. DEF. D. ABCDEF.
A direct exchange of fish for corn is an example of:
a. storing value. b. a modern exchange method. c. barter. d. a non-coincidence of wants.
It is possible through trade for a country to consume a combination of goods that lies beyond its production possibilities frontier
Indicate whether the statement is true or false
Suppose that both the supply of iPads and the demand for iPads decrease. One can predict that the:
A. equilibrium price and quantity will rise. B. equilibrium price and quantity will fall. C. equilibrium price will rise, but the change in equilibrium quantity is uncertain. D. equilibrium quantity will fall, but the change in equilibrium price is uncertain.