The federal government has the power to investigate and to try to block
A. only voluntary mergers between firms.
B. only hostile takeovers.
C. only friendly takeovers.
D. any combination of the ownership of previously independent firms that increases concentration.
Answer: D
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In the United States since 1900, life expectancy at birth has ________ and the death rate has ________
A) decreased; increased B) increased; increased C) decreased; decreased D) increased; decreased
Suppose that once a well is dug, water flows out of it continuously without any additional effort. Customers collect their water and pay a per gallon fee when they leave the site of the well. In the short run, the competitive firm in this market
A) will not shut down because variable costs are zero. B) has no fixed costs. C) faces diminishing marginal returns. D) can act as a price setter.
The first attempt for workers in the United States to organize was in
a. 1748 b. 1792 c. 1815 d. 1869 e. 1903
In order to promote growth in living standards, policymakers must
a. protect property rights. b. maintain political stability. c. encourage the accumulation of factors of production. d. All of the above