The antitrust laws are sometimes used by companies to reduce competition in their markets rather than enhance it
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following is NOT a characteristic of populist regimes?
A) Nationalistic ideologies B) Focus on economic growth C) Focus on income redistribution D) Using economic tools to reach specific goals regarding labor, the orientation of business or the role of foreigners E) Focus on controlling inflation
According to the Taylor rule, the Fed should raise the federal funds interest rate when inflation ________ the Fed's inflation target or when real GDP ________ the Fed's output target
A) rises above; drops below B) drops below; drops below C) rises above; rises above D) drops below; rises above
If the price of orange juice rises 10%, and as a result the quantity demanded falls by 10%, then one can conclude that the demand for orange juice
A) is perfectly elastic. B) is inelastic. C) has a unitary elasticity. D) has a constant elasticity.
When supply is perfectly elastic, the value of the price elasticity of supply is
a. 0. b. 1. c. greater than 0 and less than 1. d. infinity.