In 1914, the United States Congress
A. created the Per Se Rule.
B. passed the Sherman Antitrust Act.
C. passed the Rule of Reason Act.
D. created the Federal Trade Commission.
Answer: D
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Which of the following would cause aggregate demand to decrease?
A) The government increases taxes on both business and personal income. B) A drop in the foreign exchange value of the dollar C) The Fed increases the amount of money in circulation. D) Businesses and households believe that the economy is headed for good times, so they begin to feel increased security about their jobs.
Why can a monopoly earn economic profits in the long run?
When a U.S. firm engages in outsourcing, it benefits ________ and harms ________.
A. the U.S. consumers of the firm's products; the firm's foreign employees B. the firm; the U.S. consumers of the firm's products C. the U.S. consumers of the firm's products; the firm's U.S. employees D. the U.S. consumers of the firm's products; the firm
In the above table, what is the average total cost to produce 4 units of output?
A. $20 B. $55 C. $60 D. $30