Which act of Congress declared tying contracts, exclusive dealing, and price discrimination illegal?
a. Celler-Kefauver Act. b. Sherman Antitrust Act.
c. Clayton Act. d. Robinson-Patman Act.
c
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From an initial steady state, suppose a government policy increases the national saving rate, causing the capital stock to start growing faster than the population. With (K/N) now rising, the Solow growth model goes on to say that (Y/N)
A) will rise only so far, to where the increased requirement for new capital matches the increased saving. B) will rise only temporarily, so long as the population growth rate remains constant. C) will rise and keep on rising, so long as the national saving rate exceeds the population growth rate. D) never does rise, since the government's policy does not affect either the population growth rate or the depreciation rate.
The disruption caused by international trade is
a. fundamentally different from some of the other disruptions caused by the other workings of a market economy. b. not fundamentally different from all the other disruptions caused by the other workings of a market economy. c. fundamentally different from all the other disruptions caused by the other workings of a market economy. d. not fundamentally different from some of the other disruptions caused by the other workings of a market economy.
Which of the following is correct?
A. Although land has no production cost from society's viewpoint, rental payments are costs to individual producers. B. Land rent is not a cost to either society or individual producers. C. Although land rent is a cost from society's viewpoint, it is not a cost to individual producers. D. Land rent is a cost to both society and individual producers.
At a price of $20, a store can sell 24 picture frames a day. At a price of $18 the store can sell 33 picture frames a day. Since total revenue ________ by the price decrease, demand must be ________.
A. is increased; inelastic B. is decreased; elastic C. is increased; elastic D. is increased; unit elastic