The Federal Trade Commission was established in 1914 to
A) regulate trade of public goods.
B) promote competition in interstate commerce.
C) investigate unfair competitive practices.
D) prevent non-price competition.
Answer: C
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If a wealthy woman marries her butler, quits paying him and does not hire a new butler, then
A) GDP definitely decreases. B) GDP definitely does not change. C) GDP definitely increases. D) GDP either does not change or increases. E) There is not enough information given to reach a conclusion.
If a natural monopoly is allowed to set its price above its average total cost, then
A) the company makes an economic profit. B) the company incurs an economic loss. C) competitors will enter the market. D) the company will produce more than the efficient amount of output.
A chain-weighted index recognizes the fact that the composition of output changes over time
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. No one receiving public assistance is employed. B. Some people receiving public assistance are employed. C. More people were receiving public assistance in 2007 than in 1994. D. According to current law, no one will be eligible to receive public assistance by the end of 2012.