The basic federal law enunciating U.S. policy with respect to competition among business firms is the
What will be an ideal response?
Sherman Act, passed in 1890.
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If consumption equals $1,000 when income is $1,000 and increases to $1,900 when income increases to $2,000, then the marginal propensity to consume is
A) 0.50. B) 0.90. C) 1.00. D) 2.00.
A shift of the MP curve ________
A) implies an automatic adjustment of the interest rate B) implies a direct policy action of the Federal Reserve C) does not alter the relationship between inflation and the interest rate D) all of the above E) none of the above
How has the financing of elementary and secondary education changed in the United States since 1940? What is the primary reason for this trend?
What will be an ideal response?
The first factories in the US were developed within the __________ industry
a. iron smelting b. grain milling c. boot and shoe d. cotton textile