The primary criterion governing U.S. antitrust policy until 1945 was:
A. laissez-faire.
B. judgment by structure.
C. concentration ratios.
D. judgment by performance.
Answer: D
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A) increases; increases; right B) increases; decreases; right C) decreases; increases; left D) decreases; decreases; left
When governments subsidize retraining programs for unemployed workers to learn new skills, they are trying to minimize the effects of which kind of unemployment?
A. Frictional B. Structural C. Seasonal D. Real-wage
Explain the difference between the discount rate and the federal funds rate. If the Fed wants to lower one of these rates, which one can the Fed change by issuing an order? Describe in detail how the Fed helps to lower the other rate
A good with an income elasticity of 0.4 is:
A. a normal good. B. a substitute good. C. a luxury good. D. an inferior good.