Antitrust policy is used to describe government policies and programs that are designed to:
a. promote the creation of trusts, or combinations of independent firms.
b. control the growth of monopoly and enhance competition.
c. deal with the threat of competitive practices to public interests.
d. create an environment in which the government will distrust firms.
e. create an environment in which firms will distrust the government.
b
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Recent financial innovation makes the Federal Reserve's job of conducting monetary policy
A) easier, since the Fed now knows what to consider money. B) more difficult, since the Fed now knows what to consider money. C) easier, since the Fed no longer knows what to consider money. D) more difficult, since the Fed no longer knows what to consider money.
Unionism is much more prevalent in the United States than in other industrialized countries
a. True b. False Indicate whether the statement is true or false
The Federal Drug Administration slows the pace at which helpful medications reach the marketplace. The alternative of having the medication available to consumers earlier is an example of:
A. the marginal benefit of the Federal Drug Administration's regulation. B. promoting consumer health in the population. C. the opportunity cost of the Federal Drug Administration's regulation. D. how easy it is to identify and evaluate sunk costs.