Which of the following statement(s) is true?
(a) All state legislatures acted to create corporations.
(b) The federal government created the federal incorporated entities when it established the First (1791–1811) and Second (1816–1836) Banks of the United States.
(c) All federal, state and local governments possessed the right to create corporations.
(d) All of the above are true.
(b)
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Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.
If TR < TC, a firm would ________ in the short run and ________ in the long run.
A. either operate or shut down; contract B. operate; contract C. shut down; contract D. shut down; expand
Studying economics helps us to better understand society.
Answer the following statement true (T) or false (F)
The cornerstone of antitrust legislation in the U.S. is the:
A. Clayton Act B. Sherman Act C. Celler-Kefauver Act D. Federal Trade Commission Act