The government uses the antitrust laws in place:
A. to prevent all mergers that would create market power.
B. ineffectively because the laws are outdated.
C. increasingly over time, as market power is getting more concentrated.
D. to break up and prevent monopoly power in markets.
D. to break up and prevent monopoly power in markets.
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Service sector outputs could be expected to increase in price less than industrial sector outputs as an economy grows.
Answer the following statement true (T) or false (F)
Kelly graduates and her income increases by $25,000 a year. Other things remaining the same, she increases the quantity of clothes she buys. For Kelly, clothes are ________
A) an inferior good B) a normal good C) a substitute good D) a complement good
The U.S. balance of payments for 2020 would include a record of ______.
a. all international financial transactions of the United States made during 2020 b. any changes in international financial transactions of the United States made between 2010 and 2020 c. all international financial transactions of the United States made in years prior to 2020 d. any changes in international financial transactions of Canada with Mexico during 2020
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases B. remains constant. C. initially increases, then decreases. D. decreases.