All of the following are exempt from antitrust enforcement EXCEPT
A) professional baseball.
B) labor unions.
C) hospitals.
D) television and radio stations.
Answer: D
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Which of the following statements about the economic decisions consumers, firms, and the government have to make is false?
A) Each faces the problem of scarcity which necessitates trade-offs in making economic decisions. B) Both firms and individuals face scarcity. C) Only individuals face scarcity; firms and the government do not. D) Governments face the problem of scarcity in making economic decisions.
In the early 1980s, rising interest rates caused a tremendous __________ in the value of savings-and-loan __________
A) inflow; liabilities B) inflow; assets C) outflow; liabilities D) outflow; assets
When all relevant information is used to forecast inflation, the resulting forecast is called
A) a rational expectation.
B) a natural expectation.
C) an expected forecast.
D) an expansionary expectation.
E) the expected expectation.
By the year 2100, global warming may lead to
a. shifts in world rain patterns. b. disruption of agriculture. c. expanded deserts. d. coastal inundation. e. all of the above