The Clayton Act of 1914:
A. prohibited selling products at "unreasonably low prices" with the intent of reducing competition.
B. outlawed tying contracts.
C. outlawed asset-purchase contracts that would substantially reduce competition.
D. made it illegal to monopolize a market.
Answer: B
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Households receive transfers from ________, and firms receive transfers from ________
A) firms; households B) government; government and households C) government; no one D) firms and government; government E) government; government
Consider gardening books. What will happen to the market for these books as gardening becomes more popular and simultaneously printing costs increase?
A) The price of gardening books definitely increases. B) The quantity of gardening books definitely increases. C) The price of gardening books might increase or decrease. D) The quantity of gardening books definitely stays the same.
Household consumption primarily depends on:
A) disposable income. B) the interest rate. C) marginal propensity to import. D) credit card debt.
Which of the following is NOT one of the concerns that economists have about the Fed's use of quantitative easing (QE)?
A. That long-term interest rates may become negative B. That interest rates will rise sharply when QE is reversed C. That too much money is being added to the economy D. That it will eventually lead to inflation