Information technology lowered ______________ and increased ______________ from nonbank financial institutions
Fill in the blank(s) with the appropriate word(s).
Answer: transactions costs, competition
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Local governments receive around _____ of their total revenue from intergovernmental transfers
a. fifteen percent b. twenty-five percent c. thirty-five percent d. forty-five percent
Teenage unemployment rates tend to be a little lower than the overall unemployment rate.
Answer the following statement true (T) or false (F)
Which would be least likely to cause the production possibilities curve to shift to the right?
a. An increase in the labor force. b. Improved methods of production. c. An increase in the education and training of the labor force. d. A decrease in unemployment.
What is the relationship between the Sherman Antitrust Act and the Clayton Act?
A) The Clayton Act was the first act passed and the Sherman Antitrust Act was the second. B) The Sherman Antitrust Act encouraged competition among firms in the U.S. while the Clayton Act encouraged competition among foreign firms. C) The Clayton Act strengthened the Sherman Antitrust Act by limiting some very specific business practices. D) Both Acts deal with issues of setting price and quantity for regulated industries.