Which was not a factor in causing the Great Depression?
a. the end of a boom in construction
b. the crash of the stock market
c. a struggling agriculture sector
d. structural weakness in the banking system
e. All of the above were factors causing the Great Depression.
e. All of the above were factors causing the Great Depression.
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Which of the following U.S. antitrust laws prohibits mergers through the acquisition of a firm's stock if the merger would lessen competition?
a. the Sherman Antitrust Act b. the Clayton Act c. the Robinson-Patman Act d. the Celler-Kefauver Anti-Merger Act e. the Federal Trade Commission Act
Which of the following would raise the price level in both the short and long run?
a. an increase in taxes b. an increase in government expenditures c. a decrease in the minimum wage d. an increase in the capital stock
Refer to the accompanying table. To increase output from 99 to 132 units requires ________ extra employees per day; to increase output from 132 to 165 units requires ________ extra employees per day.Output Per DayNumber of Employees Per Day00331662994132716511
A. 7; 11 B. 3; 4 C. 11; 18 D. 4; 3
Which of the following statements is true?
A. Derived demand for labor depends on the demand for the other inputs into production. B. Unions can either increase demand or decrease the supply of labor. C. Investment in human capital is expected to decrease the demand for those workers because there will be a greater number of qualified workers available. D. Unions can effectively increase wages by lobbying for looser immigration laws.