Which of the following is concerned primarily with mergers?
a. The Sherman Antitrust Act.
b. The Clayton Act.
c. The Robinson-Patman Act.
d. The Celler-Kefauver Act.
d
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Which of the following would not be studied by macroeconomists?
A. The effects of tax cuts on consumer spending. B. Factors affecting average wages in the U.S. economy. C. Inflation in developing countries. D. The worldwide operations of General Motors
All else constant, an improvement in technology would cause a firm's marginal, average variable, and average total cost functions to increase (graphically, shift up)
Indicate whether the statement is true or false
Direct controls work only if the legal system imposes substantial penalties on violators.
Answer the following statement true (T) or false (F)
The goals of monetary expansion and inflation that were advocated by followers of William Jennings Bryan:
a. were never accomplished in the 19th century. b. were achieved through the passage of the Sherman Silver Purchase Act of 1890. c. were ultimately accomplished because of increased supplies of gold. d. were eventually adopted as part of the Republican Party's platform.