If two or more firms combine or conspire to monopolize trade, this would be in violation of the:
a. Federal Trade Commission Act.
b. Clayton Act.
c. Sherman Antitrust Act.
d. Robinson-Patman Act.
c
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Discouraged workers who are over 16 years old are
i. not counted as unemployed. ii. part of the working-age population. iii. part of the labor force. A) i only B) ii only C) i and ii D) ii and iii E) i, ii, and iii
A tax on consumers will cause the demand curve to shift
A. right. B. left. C. up. D. down.
According to the above table, if the fourth and fifth largest firms in the industry merge, the four-firm concentration ratio in the industry will be
A) 82.5 percent. B) 35.8 percent. C) 69.0 percent. D) 84.1 percent.
If everyone earned the same income, the Lorenz curve would be
A) a rectangular hyperbola. B) a straight line from the origin at a 45-degree angle. C) the horizontal axis. D) very bowed from the diagonal.