United States Steel had its antitrust case dismissed on the grounds that it had shown no evidence of unreasonable conduct, despite controlling 60 percent of the steel market.
Answer the following statement true (T) or false (F)
True
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The field of macroeconomics developed when economists looked for causes of:
A. the wealth of nations. B. the Great Depression C. poverty and inflation. D. World War I.
A nation's merchandise trade balance reflects
a. trade in tangible products b. value of exports c. value of imports d. the same information as its balance of payments e. trade in tangibles and intangibles
If the government were to impose a tax that assigned everyone the same tax liability, it would be
a. a lump-sum tax. b. an equitable tax. c. supported by the poor. d. a progressive tax.
A technological change in the production of cars will
A. affect input and output markets in the automobile industry and other related industries. B. affect only the markets for inputs used to produce cars. C. affect only the way cars are produced. D. have no effect on consumers.