The first step in enforcing any antitrust policy is to
A. win the support of the public.
B. define the market.
C. win congressional approval.
D. win the approval of the state senators from the state where the company is headquartered.
Answer: B
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A horizontal demand curve for a firm implies that
A) the firm is a monopoly. B) the market the firm is operating in is not competitive. C) the firm is selling in a competitive market. D) the products of that firm are very different from other firms' products.
The unemployment rate is the percentage of the:
a. civilian labor force that is unemployed or working part-time. b. civilian labor force that is unemployed. c. civilian labor force that is unemployed less the number of government workers. d. adult population that is unemployed. e. adult population that is unemployed or looking for a better job.
Keynesians tend to not believe in the stability of free markets
Indicate whether the statement is true or false
Consider a closed economy without a government and without international trade. What will be TRUE when this economy is in equilibrium?
A. Total planned real investment spending will exceed total planned real expenditures. B. Planned real consumption spending plus planned real investment spending equals real GDP. C. Planned real investment spending will exceed real planned saving. D. Planned real consumption spending equals real GDP.