The primary purpose of antitrust legislation is to:
a. protect small business.
b. protect the competitiveness of U.S. business.
c. protect the prices of American-made products.
d. ensure American labor is paid a fair wage.
e. ensure firms earn only a fair profit.
b
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At an interest rate of 4 percent, what would be the present value of receiving $4,000 four years from now?
A) $3,420 B) $3,637 C) $3,704 D) $3,847
When RBC economists compare the correlations in their models to the data, what are they looking at?
A) The degree to which variables lead output over the business cycle B) The strength of procyclicality of different variables C) The amount of random variation in economic variables D) The degree to which different economic variables move together
Which of the following will not generally be true of a monopolistic competitor operating in the long run?
a. price greater than minimum average total cost b. price equal to average total cost c. marginal revenue equal to marginal cost d. positive economic profits
According to research by Bertrand and Mullainathan, which job applicants, those with "white" names or those with "black" names, received more calls from interested employers? What percent more?