Price-fixing is considered to be a per se violation of the antitrust laws because:
A. a guilty verdict requires proof of injury to consumers.
B. a guilty verdict requires proof of injury to other competitors.
C. the rule of reason is applicable.
D. a guilty verdict need only show that there was a conspiracy to fix prices, not that it
succeeded.
Answer: D
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The experience of Paul Volcker's fight against inflation during the late 1970s and early 1980s indicates that firms and workers
A) had adaptive expectations. B) had rational expectations and that they trusted Fed announcements. C) preferred high unemployment to high inflation. D) Both A and B are correct answers.
If $1 U.S. is worth $30 Canadian, then a good that sells for $5,000 in the United States should sell for _____ Canadian in Canada
a. $120,000 b. $50,000 c. $150,000 d. $180,000
Workers in a labor union typically are paid less than workers not in a labor union
a. True b. False Indicate whether the statement is true or false
Consider a course with 40? students, some of whom are confused after the professor explains a concept. The professor? doesn't know whether students are? confused, but will clarify the concept if one student asks a question. A student who asks a questionlong dashand reveals his or her confusionlong dashloses 8 utils. When the professor clarifies the concept in response to a? question, each confused student gets a benefit of 1 util.
Ch 15 Homework. Please Help