Labor unions became exempt from antitrust enforcement under the ____ Act.
A. Sherman
B. Clayton
C. FTC
B. Clayton
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An explanation for the low saving rate in the United States consistent with the demonstration effect includes:
A. well-developed financial markets making it easy to borrow against home equity. B. large and persistent capital gains. C. households spending beyond their means to keep up with community standards. D. relatively generous government assistance for the elderly and large down payments required for home purchases.
Money market instruments are ________ term and ________ relative to capital market instruments
A) long; risky B) short; risky C) short; less risky D) long; less risky
All of the following are examples of nonprice rationing devices EXCEPT
A) price controls. B) queues. C) black markets. D) waiting lists.
The most common type of firm in the United States is the
A. corporation. B. proprietorship. C. partnership. D. limited partnership.