The Federal Trade Commission Act was designed to
A. prohibit cutthroat pricing.
B. prohibit bundling.
C. protect domestic companies from foreign competition.
D. increase foreign trade.
Answer: A
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If the probability of losing your job remains ________, a recession would be a good time to purchase a home because the Fed usually ________ interest rates during this time
A) low; lowers B) low; does not change C) high; lowers D) low; raises E) high; raises
In the circular flow diagram saving
a. is a leakage and investment is an injection. b. and investment are both injections. c. is an injection and investment is a leakage. d. and investment are both leakages.
If the MRP of land is less than its price, a firm should
A. use less land. B. increase the price it is willing to pay for land. C. try to decrease the productivity of land. D. use more land.
Katy has an ailing and wealthy, but miserly, parent. The parent has told Katy that if she takes care of him until he dies, then she will get $100,000 in inheritance
Katy knows that there is only a 50-50 chance that her father will leave her the full amount or nothing. To take care of her father, she has to take a job that pays $30,000 where her current job pays her $70,000 per year. If her father is expected to pass away in 1 year, what is Katy's expected wealth if she takes care of her father? A) $130,000 B) $90,000 C) $80,000 D) $70,000