When the court requires evidence that a monopoly actually used its size to violate antitrust laws, this criterion is called
a. rule of reason
b. Sherman antitrust
c. per se
d. countervailing power
e. creative destruction
A
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Adam and Doug both build birdhouses. Adam works 30 hours a week and produces 15 bird houses. Doug works 20 hours a week and produces 12 bird houses. Which of the following is correct?
a. Adam's production and productivity are higher than Doug's. b. Adam's production is higher than Doug's, but Doug's productivity is higher than Adam's. c. Doug's production is higher than Adam's, but Adam's productivity is higher than Doug's. d. Doug's production and productivity are higher than Adam's.
The liquidity effect is the
A) decrease in the interest rate due to an increase in the supply of loanable funds. B) increase in the interest rate due to an increase in national income. C) increase in the interest rate due to a higher expected inflation rate. D) increase in the interest rate due to an increase in the price level.
Straker Industries estimated its short-run costs using a U-shaped average variable cost function of the formAVC = a + bQ + cQ2and obtained the following results. Total fixed cost (TFC) at Straker Industries is $1,000. 
At what level of output is average variable cost (AVC) at its minimum point for Straker Industries?
A. 7 B. 14 C. 0.14 D. 28 E. 4.7
If the monetary authorities want to reduce the monetary multiplier, they should:
A. increase bank reserves. B. lower the legal reserve ratio. C. lower interest rates. D. raise the legal reserve ratio.