Which of the following statements is false?
A. The Standard Oil trust forced its rivals out of business.
B. The Clayton Act expressly exempted labor unions from prosecution under the Sherman Act.
C. The judge in the Microsoft case concluded that the company used anticompetitive means to maintain a monopoly for its PC operating system software.
D. The rule of reason originated in the ALCOA case of 1945.
D. The rule of reason originated in the ALCOA case of 1945.
You might also like to view...
Nigeria would be classified by the International Monetary Fund as
A) a resource-based economy. B) an emerging market economy. C) a transition economy. D) a developing economy. E) an advanced economy.
In an economic model, assumptions
A) must be applicable to all real-world situations. B) must be eliminated before being used to make sure the model is realistic. C) are not important in determining the usefulness of the model. D) define the set of circumstances in which the model is most likely to be applicable in the real world.
One of the 10 sources of U.S. comparative advantage mentioned in the text is:
A. a high ratio of lawyers to the population. B. a large military. C. religious diversity. D. stable U.S. government institutions.
The short-run aggregate supply curve can slope upward because
A. producers have misperceptions about the aggregate price level. B. wages adjust immediately to changing economic circumstances. C. prices adjust instantaneously. D. prices are fixed in the short run.