If this is a closed economy how many cars will be exchanged? 
A. 80,000
B. 20,000
C. 60,000
D. 40,000
Answer: D
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The landmark antitrust case which established that size alone is not sufficient to prove an antitrust violation is the:
a. U.S. Steel case. b. Brown Shoe case. c. Von's Grocery case. d. ALCOA case. e. Pabst Brewing case.
When the charge against ALCOA for exercising monopoly control of the aluminum market was brought to court, ALCOA's market share, excluding scrap aluminum, was
a. 100 percent b. 90 percent c. 80 percent d. 65 percent e. 33 percent
The __________ theory holds that people will expect fiscal and monetary policies to have certain effects and that they will take actions that make these policies ineffective.
Fill in the blank(s) with the appropriate word(s).
The difference between adverse selection and moral hazard is that
A) moral hazard happens at the time parties enter into a transaction; adverse selection occurs after the transaction takes place. B) adverse selection happens at the time parties enter into a transaction; moral hazard occurs after the transaction takes place. C) moral hazard is the motive that is behind one party entering into a transaction with another party. Adverse selection refers to the other party being harmed by the transaction. D) moral hazard refers to the likelihood that a transaction will lead one party to be better off at the expense of the other party to the transaction. Adverse selection refers to the consequences of the transaction after it has occurred.