What are the main features of the Celler-Kefauver Act?
What will be an ideal response?
The Celler-Kefauver Act outlawed asset-purchase mergers that would substantially reduce competition. It closed a loophole in the Clayton Act.
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Along the elastic range of a demand curve, a price change causes:
a. a change in total revenue in the opposite direction. b. a change in total revenue in the same direction. c. no change in total revenue. d. an unpredictable change in the total revenue.
Which of the following insures deposits at banks?
A. The RTC. B. The FDIC. C. The FSLIC. D. The Federal Reserve.
Tony notes that an electronics store is offering a flat $20 off all prices in the store. Tony reasons that if he wants to buy something with a price of $50, then it is a good offer, but if he wants to buy something with a price of $500, then it is not a good offer. This is an example of:
A. inconsistent reasoning; saving $20 is saving $20. B. rational choice because saving 40 percent is better than saving 4 percent. C. inconsistent reasoning because prices are sunk costs. D. the proper application of the Cost-Benefit Principle.
The Asian financial crisis was brought about by:
A. excessive loss of national resources. B. exchange rate crisis. C. debt crisis. D. None of these statements is true.