According to the Clayton Act,
a. lawyers are given an incentive to reduce the number of cases involving cooperative arrangements.
b. individuals can sue to recover damages from illegal cooperative agreements.
c. the government was able to incarcerate the CEO of a firm for illegal pricing arrangements.
d. private lawsuits are discouraged.
b
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Regardless of the demand for its product, a monopolist will be able to earn positive economic profits
a. True b. False Indicate whether the statement is true or false
In general, the IMF provides developing countries with:
A. loans and lets these countries decide how the loans will be used. B. technical advice but does not provide them with loans. C. loans, but only if the government adopts certain policies specified by the IMF in return. D. neither loans nor technical advice.
Which of the following would be counted as part of M1?
A. small time deposits B. large time deposits C. demand deposits D. money market accounts
Which of the following will lead to a higher interest rate on a loan?
A) lower inflation B) lower opportunity cost C) increased perceived risk of default D) reduced likelihood of borrower not paying the loan