Which of the following is illegal under the Sherman Antitrust Act?
a. Attempts to monopolize.
b. Price fixing.
c. Formation of cartels.
d. All of these are illegal under the Sherman Antitrust Act.
d
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If the income elasticity of demand for a good is zero, then
a. the goods inferior. b. the good is normal. c. the good violates the Law of Demand. d. consumption of the good does not change as income changes.
Jimmy's utility of wealth schedule is given in the table above. Jimmy has a job with a one-third chance of earning $200 and a two-thirds chance of earnings $400. Jimmy's cost of risk is
A) $0. B) $16.67. C) $33.33. D) Jimmy's cost of risk cannot be determined without more information.
Inflation rates during the years 1979-1981 were the highest the United States has ever experienced during peacetime
Indicate whether the statement is true or false
Which of the following is included in government expenditures when measuring GDP?
A. unemployment insurance payments B. Medicare benefits for retirees C. goods imported into the United States D. the President's income