All of the following are exempt from antitrust laws EXCEPT
A) labor unions.
B) professional baseball.
C) oil companies.
D) public utilities.
C
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Marketopia's real GDP was $520 billion in 2014 and $550 billion in 2015. Its population was 150 million in 2014 and 155 million in 2015. On the other hand, Econland's real GDP was $200 billion in 2014 and $210 billion in 2015; and its population was 53 million in 2014 and 55 million in 2015. Which of the following statements is true?
A. Econland's GDP per capita increased from 2014 to 2015, while Marketopia's decreased. B. Marketopia's and Econland's GDP per capita both decreased from 2014 to 2015. C. Marketopia's GDP per capita increased from 2014 to 2015, while Econland's decreased. D. Marketopia's and Econland's GDP per capita both increased from 2014 to 2015.
The marginal cost curve of pollution abatement
A) slopes upward because of the law of diminishing product. B) slopes upward because firms will maximize profits. C) slopes downward because of the law of diminishing marginal utility. D) slopes downward because of the law of diminishing returns.
_____ and _____ are major factors in de-integration, which act in opposite directions
a. Vertical restraints; opportunism b. Uncertainty; volumetric interdependence c. Asset specificity; uncertainty d. Volumetric interdependence; vertical restraints
Cost-push inflation occurs when the factor contributing most to rising prices is increased demand for goods and services
Indicate whether the statement is true or false