The Clayton Act of 1914 was passed to prohibit, in part
A) price discrimination if the effect is to substantially lessen competition or create monopoly.
B) unfair methods of competition and unfair or deceptive business practices.
C) combinations, trusts, or conspiracies that restrict interstate or international trade.
D) business practices that allow one firm to profit at the expense of another whenever the first firm is a monopoly.
A
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In the long run, an increase in the quantity of money ________ the value of money and ________ the price level
A) raises; does not change B) lowers; does not change C) lowers; lowers D) raises; raises E) lowers; raises
In the simple deposit expansion model, if the Fed purchases $100 worth of bonds from a bank that previously had no excess reserves, the bank can now increase its loans by
A) $10. B) $100. C) $100 times the reciprocal of the required reserve ratio. D) $100 times the required reserve ratio.
In the long run (the HO model), immigration will lead to:
a. an increase in the price of both the laborintensive and the capitalintensive goods in the receiving country. b. an increase in the price of the laborintensive good and a decrease in the price of the capitalintensive good in the receiving country. c. a decrease in the price of both the laborintensive and the capitalintensive goods in the receiving country. d. no change in the price of either the laborintensive or the capitalintensive good in the receiving country
A person's productive contribution in a capitalist society is measured by determining the
A) market value of the individual's output. B) comparable output of other workers in similar jobs. C) total number of goods produced by the individual. D) index of occupational values.