Under the second phase of antitrust policy that began in 1914 in the U.S., the courts used _____ in order to judge the firms' actions
a. a rule of reason
b. the rule of 72
c. a rule of thirds
d. a per se rule
e. the rule of law
d
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Refer to the above table. Assuming that opportunity costs are constant, which of the following is a correct statement?
A) The United States has a comparative advantage in computers. B) The United States has a comparative advantage in bicycles. C) Mexico has a comparative advantage in computers. D) Mexico has a comparative advantage in both goods.
How much is the unemployment rate at point Q?
If government undertakes to reduce water usage by using a market incentive plan:
A. consumers will be asked to reduce water usage voluntarily. B. consumers who reduce water usage by more than the required amount can sell marketable certificates to consumers who seek to reduce usage by less than the required amount. C. each consumer will have to reduce his or her water usage by an equal amount. D. consumers who do not reduce usage by the required amount will have to pay taxes on the extra water usage.
The ongoing search by savers for high returns leads the bond and stock markets to direct funds to the uses that appear:
A. least likely to be productive. B. to have no risk. C. most likely to be productive. D. to have the least risk.