When were the first federal antitrust laws enacted in the United States?
a. around the turn of the twentieth century
b. after World War II
c. after World War I
d. during the Great Depression
e. with the U.S. Constitution, in 1787
A
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What is the profit-maximizing condition for a firm when trying to decide how much land touse forproduction?
What will be an ideal response?
An adverse oil-price shock reduces labor demand. What happens to current employment and the real wage rate?
A) Both employment and the real wage rate would increase. B) Both employment and the real wage rate would decrease. C) Employment would increase and the real wage would decrease. D) Employment would decrease and the real wage would increase.
Demand is defined as
A) a schedule of how much of an item people will purchase at any particular price of that item during a specified time period, other things being constant. B) a specific quantity of an item that people want at a particular price of that item during a specified time period, other things being constant. C) a schedule of how much of a good or service people will purchase at any particular price of a different item during the specified time period, other things being constant. D) a specific quantity of a good or service that people will purchase at one particular price of another item during a specified time period, other things being constant.
The Balance Sheet lists:
a. Assets, Liabilities, and Owner's Equity b. Gains, Losses, and Net Income c. Operating, Investing, and Financing Activity d. Income, Expenses, and Liabilities