Which of the following was not an industry the government has used the Sherman Act to break up because it was a monopoly?
A. Railroad
B. Oil
C. Aluminum
D. Technology
D. Technology
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According to the data in the table above,
A) the standard of living worsened between year 1 and year 2. B) the standard of living improved between year 1 and year 2. C) real GDP grew more slowly than population between year 1 and year 2. D) as measured by real GDP per person, the standard of living remained the same between year 1 and year 2. E) real GDP grew more rapidly than population between year 1 and year 2.
Production efficiency is represented by ________ a production possibilities frontier
A) all points on B) all points inside C) all points outside D) a movement along E) only one point on
What role did the Reconstruction Finance Corporation play in the banking collapse of the early 1930s?
a. It provided loans to troubled banks. b. It provided insurance for consumer deposits. c. Its new regulations forced undercapitalized banks out of business. d. Its failure sparked a widespread run on bank deposits.
In Figure 6.2, the price is $20 and the shaded area represents:
A. producer surplus. B. consumer surplus. C. market equilibrium. D. a price ceiling.