Currently in the United States, the ________ must examine the facts of each resale maintenance case using the ________.
A) Supreme Court; hardcore restriction approach
B) lower courts; rule of reason approach
C) Supreme Court; rule of reason approach
D) lower courts; hardcore restriction approach
B) lower courts; rule of reason approach
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According to cost-benefit analysis, where safety is concerned
A) it is possible to not be safe enough. B) it is possible to be too safe. C) it is possible to be just safe enough. D) All of the above are possible.
Part of the decrease in real wages during the Civil War was due to deteriorating productivity because of ___
a. the inability of firms to replace machinery b. the need to use inexperienced workers c. the decline in coal production d. excessive days lost due to strikes
The idea that paying higher wages attracts a more talented labor pool is called the
a. winner's curse b. efficiency wage theory c. marginal productivity theory d. lemons problem e. theory of the second best
In a market system, prices are used to coordinate economic activity.
Answer the following statement true (T) or false (F)