The first antitrust law in the United States was the
A. Robinson-Patman Act.
B. FTC Act.
C. Clayton Act.
D. Sherman Act.
Answer: D
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Which of the following does not describe a characteristic of short-term economic fluctuations?
A. Expansions and recessions are felt in only a few sectors of the economy. B. The unemployment rate rises during recessions. C. Durable-goods industries are more sensitive to short-term fluctuations than service and non-durable industries. D. Expansions and recessions are irregular in length and severity.
In the United States, which agency determines whether domestic firms have been harmed by subsidies and dumping or by a sudden surge in imports and whether protection is warranted?
What will be an ideal response?
The question of reliability/unreliability of a multiple regression depends on
A) internal but not external validity B) the quality of your statistical software package C) internal and external validity D) external but not internal validity
According to the graph shown, if the supply increases, then
A. consumer surplus would increase.
B. consumer surplus would decrease.
C. total surplus would increase.
D. quantity would increase.