In commercial societies, the plans of tasks and benefits is negotiated by the affected parties primarily
What will be an ideal response?
through money bids and offers.
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The Federal Trade Commission (FTC) Act
A) prohibited charging buyers different prices if the result would reduce competition. B) gave the FTC full power to regulate mergers. C) closed the loopholes in the Sherman and Clayton Acts. D) divided authority to police mergers between the FTC and the Department of Justice.
The average cost curve for a natural monopoly is downward sloping where it intersects the market demand curve
a. True b. False
The burden of the public debt
a. cannot create inflation b. may create inflation if it is held by the Fed and financed by taxes c. may create inflation if it is held by foreigners d. may create inflation if it is held by the Fed and financed by the creation of deposits in the Treasury's account at the Fed e. may create inflation if it is held by state and local governments and financed by property or sales taxes
Sectoral shifts in demand for output
a. create structural unemployment. b. immediately reduce unemployment. c. increase unemployment due to job search. d. do not affect demand for labor.