Which of the following is always a violation of the antitrust law?
A) price fixing among competitors
B) resale price maintenance
C) tying arrangements
D) predatory pricing
A
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During the years 1979 to 1982, the Federal Reserve's announced policy was monetary targeting. During this time period the Federal Reserve
A) hit all of their monetary targets. B) did not hit any of their monetary targets because it is believed that controlling the money supply was not the intent of the Federal Reserve. C) did not hit any of their monetary targets because they were unrealistic. D) hit about half of their monetary targets.
When the economy experiences abnormally high unemployment,
A. There is macro instability. B. The economy is producing on the production possibilities curve. C. No market failure occurs. D. There is government failure.
Craft unions have typically been most effective in raising wage rates by:
A. Legislating a minimum wage rate above the competitive equilibrium level B. Increasing the demand for labor of union members C. Decreasing the supply of labor through licensing and training requirements D. Organizing all of the employees in a factory or industry and demanding wage hikes
The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.Number ofEmployeesTotal DonationsAverage DonationsTotal Labor CostsAverage Labor Costs1$30,000 $8,0002$42,426 $17,000 3 $17,321$27,000 4$60,000 $9,5005 $13,416$50,000 The total labor cost with 4 employees is:
A. $22,000. B. $38,000. C. $43,121. D. $21,500.