The Federal Trade Commission was created by Congress as an expert body to
A) help small businesses compete by offering technical advice and assistance.
B) help small businesses compete by providing low-interest start-up loans.
C) prevent insider trading.
D) promote competition by preventing trade practices held to be unfair.
E) regulate prices on spot and futures markets.
D
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Campbell Soup agrees to sell its brand to a grocery chain only if the chain also agrees to buy a minimum number of cases of its V-8 juice. This is an example of:
a. a resale price maintenance agreement. b. a tying agreement. c. exclusive dealing. d. price discrimination.
An economic slow-down would cause the labor:
A. demand curve to shift left. B. demand curve to shift right. C. supply curve to shift left. D. supply curve to shift right.
If the multiplier is 4, equilibrium real GDP is $600 billion, and investment is $25 billion, what will happen if investment increases to $30 billion? Real GDP will:
a. increase to $605 billion b. decrease to $595 billion c. increase to $620 billion d. increase to $624 billion e. decrease to $580 billion
Marginal utility has a negative slope. This is because of the
a. optimal purchase rule. b. law of increasing costs. c. law of diminishing marginal utility. d. marginal rate of substitution.