Microsoft's argument against the government's antitrust suit included all but which one of the following?
A. It was a natural monopolist.
B. It dominated the computer industry because it produced the best products.
C. It must behave like a competitive firm because of potential competition.
D. The market, rather than the government, could make the best decision for consumers.
Answer: A
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An income tax system where higher tax rates are applied to increased amounts of income is called a:
A) regressive tax system. B) proportional tax system. C) progressive tax system. D) flat tax system.
When the demand and supply of grapes both decrease at the same time, we can safely predict that the: a. price of grapes will fall
b. price of grapes will rise. c. quantity of grapes exchanged will fall. d. quantity of grapes exchanged will rise.
Which of the following officially ended the cooperation between the Treasury and the Fed that had taken place during World War 2?
A) Truman doctrine B) Federal Reserve Act of 1951 C) Dodd-Frank Act D) Treasury-Federal Reserve Accord
If future total factor productivity increases
A) labor demand increases. B) government expenses increase. C) consumption demand decreases. D) investment demand increases.