Antitrust laws attempt to promote competition by controlling
a. market structure only
b. market conduct only
c. market structure and performance
d. market structure and conduct
e. market structure, conduct, and performance
D
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Answer the following statements true (T) or false (F)
1. In 2011, China overtook Mexico to become the number one country of origin of U.S. legal immigrants. 2. In 2007, immigrants made up a larger portion of the labor force in the U.S. than that in Canada. 3. The simple immigration model suggests that, for a high-wage country like the United States, immigration tends to reduce domestic output as well as the total income of businesses. 4. An increase in the mobility of labor across nations tends to decrease the world's output of goods and services.
Assume that the supply curve for a commodity shifts to the right and the demand curve shifts to the left, and the shift in demand is greater than the shift in supply
Then, in comparison to the initial equilibrium, the new equilibrium will be characterized by: A) a lower price and a higher quantity. B) the same price and a lower quantity. C) a higher price and a lower quantity. D) a lower price and quantity.
In a perfectly competitive market, many firms sell an identical product
Indicate whether the statement is true or false
Economic growth is:
A. about the quality of life for all sectors of society. B. an indicator of individual poverty. C. a measurement of available resources. D. the measure of changes in real GDP.