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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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
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.