The Clayton Antitrust Act
a. was opposed by labor unions.
b. defended monopolies.
c. outlawed price discrimination.
d. never went into effect.
Ans: c. outlawed price discrimination.
You might also like to view...
Economists reason that the optimal decision is to continue any activity up to the point where the
A) marginal benefit equals the marginal cost. B) marginal cost is zero. C) marginal benefit is greater than the marginal cost. D) marginal benefit is zero.
The Employment Act of 1946 codified the federal government's commitment to
A) promote high employment consistent with price stability. B) promote high employment irrespective of the effects on price stability. C) guarantee a job to every unemployed person. D) fine companies that engage in excessive layoffs during recessions.
Grooming well for a big date is a
a. Screening mechanism b. Signaling mechanism c. Way to waste money d. None of the above
Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point directly to the left of it. Assuming that the PPF has not shifted, this could be due to
What will be an ideal response?