Which of the following statements is false?
a. The Clayton Act allows triple damages in civil lawsuits in order to encourage lawsuits against conspiring oligopolists.
b. Many economists defend the practice of resale price maintenance on the grounds that it may help solve a free-rider problem.
c. Most economists agree that predatory pricing is a profitable business strategy that usually preserves market power.
d. The U.S. Supreme Court's view that the practice of tying usually allows a firm to extend its market power is not generally supported by economic theory.
c
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If the Federal Reserve raises or lowers interest rates too late, it could result in a ________ policy that destabilizes the economy
A) budgetary B) fiscal C) procyclical D) countercyclical
Rent subsidies are primarily financed by the states
a. True b. False
The United States and Canada trade hockey skates and apple pie. If the United States has an absolute and a comparative advantage in the production of apple pie, then:
A. Canada must have the absolute and comparative advantage in the production of skates. B. Canada must have the comparative advantage in the production of skates. C. the United States must also have the comparative advantage in the production of skates. D. Canada must have the absolute advantage in the production of skates.
A cheerleader-turned-pop-vocalist is offered a choice by her producer of either a lump sum of $20 million for all future work or a stipend of $1 million per year, payable to her and her heirs forever. She should choose the $1 million
a. no matter what the interest rate is b. if the interest rate is greater than 20 percent c. if the interest rate is less than 20 percent d. if the interest rate is greater than 5 percent e. if the interest rate is less than 5 percent