Antitrust laws are designed to
A. preserve competition.
B. protect the environment.
C. protect the public’s trust in the government.
D. All of the responses are correct.
Answer: A
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Output per worker is 50, the saving rate is 15 percent, the population is growing at one percent, depreciation is 9 percent, and the capital-labor ratio is 80. Consumption per worker is ________
A) 37.5 B) falling C) 75 D) 68
Rational choices: a. are based on a comparison of total benefits and total costs
b. can only be made by those who are economists. c. are made based on expectations of the additional benefits and additional costs involved. d. measure benefits based on the past.
Membership in the Federal Reserve System is
a. limited to national banks. b. limited to state banks. c. required of national banks and open to state banks. d. forbidden to state banks.
State two examples of government-created monopolies