The landmark antitrust case which established that size alone can be an antitrust violation is the
a. U.S. Steel case
b. Brown Shoe case
c. Von's Grocery case
d. ALCOA case
e. Pabst Brewing case
D
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The principle of comparative advantage states that total output is greatest when each product is made by the country that has the _____________.
Fill in the blank(s) with the appropriate word(s).
The law which prohibits embezzlement of funds by employees or income tax evasion acts as a(n):
a. psychological constraint b. ethical constraint. c. organizational constraint. d. contractual constraint.
Entry barriers can lead to long-run economic profits
a. True b. False Indicate whether the statement is true or false
Over the long haul, rapid increases in the supply of money lead to
A) inflation. B) higher levels of production and real output. C) rapid growth of real wages. D) lower unemployment rates