The laws that prevent companies from unfairly trying to gain market power or reduce the amount of competition in a market are known as
A. the Universal Commercial Code.
B. free-rider laws.
C. antitrust laws.
D. OSHA, EPA, and FCC.
Answer: C
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The idea that a large public debt is "mortgaging the future of our children and grandchildren" is misleading because
a. it is the Federal Reserve that will be responsible for making interest payments on the debt. b. future generations will have to bear the opportunity costs of the resources that are used today. c. future generations will not be liable for the interest obligations of the national debt. d. future generations will inherit the interest income as well as the interest obligations.
Refer to the accompanying figure. The marginal utility of the 5th apple is: Number of ApplesTotalUtility120235345450545
A. 0. B. 5. C. 45. D. -5.
If the debt of the federal government decreases by $20 billion in one year the budget:
A. deficit in that year must be $20 billion. B. surplus in that year increases by $20 billion. C. deficit in that year decreases by $20 billion. D. surplus in that year must be $20 billion.
When a primary dealer buys a government bond from the Federal Reserve, reserves in the banking system ________ and the monetary base ________, everything else held constant
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases