Courts must approve ________, that is, formal agreements on remedies between all parties to an antitrust case.
A. consent decrees
B. private actions
C. treble damages
D. criminal actions
Answer: A
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A $100 bill is a
A) commodity money. B) fiat money. C) representative commodity money. D) partially representative commodity money.
Auto workers negotiate a wage increase. How does this wage hike affect the supply of cars?
A) It decreases the supply. B) It increase the supply. C) It has no effect. D) There is not enough information to tell if the change increases, decreases, or has no effect on the supply of cars.
The SAS curve shifts if there is a change in the price level
Indicate whether the statement is true or false
The United States uses tax funds to build and repair the interstate highway system and to provide health care services via Medicare. Suppose Medicare services are on the horizontal axis and highway miles are on the vertical axis of a PPF
If the government decides to reduce funding to Medicare, this change would be shown as A) a shift out of the PPF. B) the PPF becoming flatter. C) a movement down along the PPF. D) a movement up along the PPF.