The Sherman Antitrust Act makes it unlawful for firms to collude to restrain trade
a. True
b. False
A
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An increase in the money supply will
A) decrease the quantity of money held at every interest rate. B) increase the quantity of money held at every interest rate. C) shift the LM curve leftward. D) None of the above.
The strategy of sorting customers into high or low value based on the amount of sales made is known as the
a. Damaged goods strategy b. The willy-nilly strategy c. The Metering Strategy d. All of the above
Profit functions are homogeneous of degree:
a. zero in input and output prices. b. zero in input prices. c. one in input and output prices. d. one in input prices.
Given that tariffs and quotas cost consumers and that they are a grossly inefficient means for creating or preserving jobs , citizens nevertheless allow these policies to exist because
A. the costs of tariffs and quotas are diffused throughout an entire nation, while the benefits are concentrated. B. they know that petitioning the government to do the right thing is futile. C. incentives to organize around the issue of trade policy are asymmetric. D. all of the above. E. A and C only.