Which piece of federal legislation aims to prevent monopolization and restraint of trade?
A. Clayton Act
B. Wheeler-Lea Act
C. Sherman Act
D. Federal Trade Commission Act
Answer: C
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Discuss both the price elasticity of demand and the cross-price elasticity of demand conditions facing a firm in a monopolistically competitive industry. Include in your essay the role of advertising and the creation of brand loyalty.
What will be an ideal response?
Banks act as financial intermediaries by: a. bringing together car buyers and auto dealers
b. bringing together real estate brokers and home buyers. c. printing money for all to use. d. serving the credit needs of borrowers and the security needs of savers. e. selling shares of stock to investors.
The Chinese government has prohibited anyone in China from dealing with bitcoin exchanges
Indicate whether the statement is true or false
Which of the following statements is true?
A) Nominal interest rate = real interest rate - expected inflation rate. B) Nominal interest rate = real interest rate + expected inflation rate. C) Real interest rate = nominal interest rate + expected inflation rate. D) Expected inflation rate = nominal interest rate + real interest rate. E) Expected inflation rate = real interest rate - nominal interest rate.