Business practices affected by the Clayton Act fall into each of these categories except which one?
A) price fixing
B) conditional sales
C) mergers
D) price discrimination
A) price fixing
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Just over 10% of workers age 25 years or older earned below $7 per hour in 2005
Indicate whether the statement is true or false
As price decreases and we move down further along a linear demand curve, the price elasticity of demand will:
a. decrease. b. increase. c. stay the same. d. approach infinity. e. increase or decrease.
In 2005-2006, the Fed increased interest rates in an attempt to halt inflation. What was the most likely effect of raising interest rates on velocity?
a. It will decrease. b. It will increase. c. It will remain constant. d. Velocity is unrelated to saving accounts.
A woman gives her boyfriend a birthday present. The gift could be viewed by the boyfriend as a
a. moral hazard problem. b. screening device. c. signal of how much she cares for him. d. All of the above are correct.