Tying arrangements that lessen competition were made illegal by
A) the Sherman Anti-Trust Act.
B) the Clayton Act.
C) the Celler-Kefauver Act.
D) the Robinson-Patman Act.
B
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In the figure above, a perfectly price-discriminating monopoly will maximize profit by producing at amount of output equal to
A) h. B) j. C) k. D) none of the above.
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A. is both process- and outcome-oriented. B. is neither process- nor outcome-oriented. C. is not a process-oriented notion of equity. D. is not an outcome-oriented notion of equity.
Assume that the Paris First National Bank currently has deposits of $20 million. If the current required reserve ratio is raised from 20 percent to 40 percent, then:
A. Paris First National Bank must increase its required reserves from $4 million to $8 million. B. required reserves will decrease from $16 million to $12 million. C. excess reserves will automatically increase by $20 million. D. Paris First National Bank must close out 4 million in loans.
Which of the following income maintenance programs is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled?
A) the Old-Age Survivors' and Disability Insurance (OASDI) program B) the Supplemental Security Income (SSI) program C) the Temporary Assistance to Needy Families (TANF) program D) the food stamps program