The per se rule was an antitrust law guideline that emphasized ____ over ____
a. price; quantity
b. quantity; price
c. law; the economy
d. size; behavior
e. behavior; size
d
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Macroeconomics deals with ________ while microeconomics deals with ________.
A. choices of rich people; choices of poor people B. choices important to people; choices not important to people C. choices that involve money; choices that does not involve money D. economywide choices; choices of individuals
The natural rate of unemployment is
A. the unemployment rate when cyclical unemployment is the only type of unemployment. B. the rate of unemployment associated with long-run equilibrium. C. zero. D. the unemployment rate when there is no frictional unemployment.
A corporation is owned by its
A) board of directors. B) stockholders. C) employees. D) CEO.
The services of real estate brokers are provided in a competitive market. If the state Board of Realtors enacts several requirements that limit the number of real estate brokers, which of the following is most likely to occur?
A) Consumer surplus will increase. B) Producer surplus will increase. C) Entry of new brokers will increase. D) Social welfare will increase.