A government agency charged with enforcing antitrust laws is
A) the Federal Reserve Board.
B) the National Labor Relations Board.
C) the Council of Economic Advisors.
D) the Federal Trade Commission.
Answer: D
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Local cable television companies frequently are monopolists
a. True b. False Indicate whether the statement is true or false
When in France you notice that prices are posted in euros, this best illustrates money's function as
a. a store of value. b. a medium of exchange. c. a unit of account. d. a method of barter.
In the expansion phase of a business cycle:
a. The inflation rate decreases, but productive capacity increases b. Employment increases, but output decreases c. Employment and output increase d. The inflation rate and productive capacity decrease
If the short-run average variable cost of production for a firm is decreasing, then it follows that:
A. Average variable cost must be above average fixed cost B. Marginal cost must be below average variable cost C. Average fixed cost must be constant D. Marginal cost must be decreasing