The administrative agency charged with enforcing the provisions of the Clayton Act (1914) was established by additional legislation in the same year. This legislation was the:
A. Celler-Kefauver Act
B. Wheeler-Lea Act
C. Sherman Act
D. Federal Trade Commission Act
D. Federal Trade Commission Act
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With an income elasticity of demand of 0.5, cigarettes are an example of
a. a normal good b. an inferior good c. irrational demand d. complements to health care e. unitary elasticity
If Mateo is paid $25,000 to sell his crop of tomatoes even though he would have been willing to have sold the crop for as little as $20,000, this indicates that
a. Mateo received no producer surplus from the transaction. b. Mateo received $5,000 of producer surplus from the transaction. c. Mateo received $20,000 of producer surplus from the transaction. d. Mateo received $25,000 of producer surplus from the transaction.
Cyclical deficit (surplus)
What will be an ideal response?
A decrease in expected profit
A) lowers the equilibrium real interest rate. B) decreases the supply of loanable funds. C) increases the supply of loanable funds. D) increases the demand for loanable funds. E) raises the equilibrium real interest rate.