________ initiates action against antitrust law violators and decides which cases to prosecute.
A. The Antitrust Division of the Justice Department
B. Federal Utility Commission
C. Federal Trade Commission
D. Interstate Commerce Commission
Answer: A
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If total utility declines as an additional unit of a commodity is purchased,
A. marginal utility must be rising. B. marginal utility is negative. C. marginal utility is positive but falling. D. its price must have risen. E. marginal utility is zero.
Other things held constant, investment in physical capital will increase: a. labor productivity. b. national income
c. wages. d. all of the above
In order to calculate the real interest rate, simply:
A. add the rate of inflation to the nominal interest rate. B. divide the nominal interest earned by the rate of inflation. C. subtract the rate of inflation from the nominal interest rate. D. subtract the nominal interest rate from the rate of inflation.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, an increase in unemployment may be represented by the movement from
A. B to A. B. A to C. C. C to D. D. B to D.