What act of Congress declared restraint of trade illegal and declared any attempt at monopolizing unlawful?
a. Celler-Kefauver Act.
b. Sherman Antitrust Act.
c. Clayton Act.
d. Robinson-Patman Act.
b
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People supply their resources to the lowest-paying alternative, other things constant
Indicate whether the statement is true or false
Which of the following is NOT an objective of government?
(a) High and stable economic growth. (b) Low unemployment. (c) High Inflation. (d) Positive Balance of Payments
Which of the following is most likely to help the residents of a nation produce more goods and services and achieve higher income levels?
A) a smaller trade sector B) a higher rate of investment C) higher tax rates D) greater use of taxation to transfer income from the rich to the poor
After having a monopoly in the diamond market for many years, by 2000, De Beers faced competition from other companies. To maintain its market share, De Beers
A) began buying so-called "blood diamonds" in order to keep these diamonds out of the control of other diamond companies. B) adopted a strategy of differentiating its diamonds. Each of its diamonds is now marked with a microscopic brand. C) bought diamond mines in Canada and Russia that had been its competitors. D) lowered the prices of its diamonds to make the market appear less profitable to potential competitors.