The Celler-Kefauver Act ________ the government's authority to ________ vertical and conglomerate mergers.
A. extended; ban
B. limited; allow
C. limited; ban
D. extended; allow
Answer: A
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Which of the following increases aggregate demand and shifts the AD curve rightward?
A) a fall in the price level B) an increase in the quantity of money and a resulting fall in the interest rate C) predictions of a recession that lead to expectations of lower future income D) an increase in the exchange rate that makes imports less expensive
According to the above table, which assumes that opportunity costs of producing goods X and Y are constant, the opportunity cost of producing one unit of Good X is ________ units of Good Y for Chen and ________ units of Good Y for Holly
A) 25; 100 B) 0.5; 2.5 C) 2; 0.4 D) 100; 25
Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index (CPI) is currently 110 . This indicates the price of the market basket of goods and services is now:
a. $110. b. $1,000. c. $1,100. d. $1,225.
Market economies are based on:
A. private property and individual good will toward others. B. government planning and individual good will toward others. C. private property and individual planning. D. government planning and individual self-interest.