The purpose of antitrust policy is to:
A. promote competition among firms.
B. increase profits to firms.
C. protect domestic firms from foreign trade.
D. achieve scale economies in production.
Answer: A
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The greater the social immobility is within a country, the greater the chance that human talent and skills will not go to waste
Indicate whether the statement is true or false
As one moves down a straight-line, down-sloping demand curve, price elasticity will:
a. change from elastic, to unit elastic, then to inelastic. b. remain the same between any two points. c. change from inelastic, to elastic, then to unit elastic. d. change from unit elastic, to elastic, then to inelastic. e. change from elastic, to inelastic, then to unit elastic.
Payments that users (consumers) are required to make if they want to receive certain services provided by the government are called
a. tax deductions. b. transfer payments. c. user charges. d. sales taxes.
Based on the graph showing the 2016 U.S. health dollar, most health care is funded by ______.
a. out of patient pockets
b. private insurance
c. Medicare
d. Medicaid