Which of the following is exempt from antitrust laws?
A. telephone companies
B. automobile companies
C. suppliers of military equipment
D. professional basketball
Answer: C
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Refer to Figure 2-4. A movement from ________ is the result of advancements in plastic production technology
A) V to X B) Z to W C) W to X D) Y to Z
All of the following are examples of a constant-elasticity demand curve except a(n)
a. perfectly elastic demand curve b. linear demand curve with a slope of -4 c. perfectly inelastic demand curve d. unit-elastic demand curve e. vertical demand curve
The Clean Air Act of 1970 has
a. been ineffective in reducing lead emissions in automobiles b. actually caused an increase in auto emissions c. been fairly successful in reducing auto emissions, especially lead d. been unsuccessful in reducing auto emissions, especially sulfur oxides e. been ineffective in reducing carbon monoxide emissions from autos
Which of the following is NOT counted as an economic resource?
a. Money supply. b. Physical labor. c. Mental abilities of labor. d. Land. e. All of the above are included.