The decision to bring suit in an antitrust case is usually made by
A. the injured party.
B. the Supreme Court or a lower federal court.
C. the Department of Commerce.
D. the Department of Justice.
D. the Department of Justice.
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Refer to Figure 10.1. If only one light is installed, the person who is responsible for the light being installed receives a payoff of
A) 2. B) 4. C) 6. D) 8.
At the moment, the Federal Reserve keeps the discount rate above the fed funds rate. In so doing, they are
A) discouraging commercial banks from borrowing from the Fed. B) encouraging commercial banks to borrow from each other. C) doing both A and B. D) doing none of the above.
If nominal GDP is less than real GDP, then the GDP deflator will be greater than 100
Indicate whether the statement is true or false
If the income elasticity of a good is positive, we can conclude that the good is
a. an inferior good. b. a normal good. c. a luxury good. d. a necessity.