Which one of the following is not correct?
A. In antitrust cases defendants attempt to define the relevant market broadly.
B. The courts have varied over time in their interpretations of the antitrust statutes.
C. Antitrust suits can only be originated by the Federal Trade Commission.
D. In antitrust cases the prosecution attempts to define the relevant market narrowly.
Answer: C
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In calculating GDP, economists
A) measure total expenditure as the only true measure. B) can measure either total expenditure or total income. C) measure total income as the only true measure. D) measure total income minus total expenditure. E) measure total income plus total expenditure.
What are the key characteristics of the agrarian system in Asia that distinguish it from that of Latin America? Explain your answer
What will be an ideal response?
If capital inflows decrease due to higher interest rates in other countries and large amounts of import spending, there will be:
A) upward pressure on a country's exchange rate. B) downward pressure on a country's exchange rate. C) no pressure on a country's exchange rate. D) none of the above.
When the dollar appreciates, the cost to Americans of foreign goods
a. rises and the CPI falls. b. rises and the CPI rises. c. falls and the CPI rises. d. falls and the CPI falls.