The Hart-Scott-Rodino Act of 1980:
A. extended antitrust legislation to proprietorships and partnerships.
B. made it legal to monopolize a market.
C. outlawed asset-purchase mergers that would substantially reduce competition.
D. outlawed price discrimination for the purpose of reducing competition.
Answer: A
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Real GDP
a. moves in the opposite direction as unemployment. b. increases as production falls. c. falls when households save a smaller fraction of their income. d. All of the above are correct.
Which of the following produces external benefits?
A. College students getting vaccinated against the flu. B. Garbage dumped in the Atlantic Ocean. C. Passive smoke in a public building. D. All of the choices are correct.
Infrastructure, such as public works and public services, is also referred to as
A. social capital. B. human capital. C. tangible capital. D. intangible capital.
Refer to Table 11-7. What is the marginal cost per unit of production when the firm produces 100 lanterns?
A) $420 B) $32 C) $11.1 D) $8.1