The legislation which made it illegal to engage in practices that resulted in the restraint of trade was the:
A. Sherman Act.
B. Clayton Act.
C. Robinson-Patman Act.
D. Celler-Kefauver Act.
Answer: A
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What does LIBOR stand for?
A) London Interbank Offer Rate B) Least Integral Borrowing Order Rate C) Local Interest Bank Ongoing Rate D) Liberalized Interoffer Borrowing Rate
If the federal government were to run a budget deficit, this would:
a. increase the size of the national debt. b. reduce the size of the national debt. c. leave the size of the national debt unchanged. d. increase the national debt only if the government also expands the supply of money.
Where Y is GDP, C is consumption, I is investment, G is government spending, T is net taxes, and there is no international trade, private saving equals:
A. Y - T - C. B. Y -T - G. C. C + I + G - T. D. Y - C - I.
Most tariffs have
A) only revenue effects. B) only protective effects. C) both protective and revenue effects. D) neither protective nor revenue effects.