The Sherman Act and the Clayton Act were passed into law more than 100 years ago. What characteristic of each of these laws enables them to remain applicable in today's modern economy?
What will be an ideal response?
An important characteristic of these two laws is that they are written in very general terms and focus on specific behaviors or practices that firms might engage in that could be construed as detrimental to society. Thus, while the specific characteristics of businesses, including the types of products produced and the inputs that are used, have changed considerably over time, the fundamental objective of businesses, i.e., to make a profit, has not. Certain behaviors businesses might engage in their pursuit of profits are what, in most cases, will trigger the application of the antitrust laws in question.
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In 2009, the interest rate fell below 1 percent in the United States. As a result, there was a
A) leftward shift in the supply of money curve. B) movement upward along the money supply curve. C) movement downward along the demand for money curve. D) movement upward along the demand for money curve. E) rightward shift in the demand for money curve.
If the interest rate is 10 percent per year, and you have $100,000 now, which of the following is closest to what your $100,000 will be worth in one year?
A) $105,000 B) $110,000 C) $100,000 D) $102,000
The federal budget experienced surpluses from _____
a. 1998 to 2001 b. 2002 to 2006 c. 1970 to 1973 d. 1991 to 1994 e. 1985 to 1988
In a market economy, what determines whether an entrepreneur will continue in business or terminate the production of a new product
What will be an ideal response?