The rule of reason would have not found a well-behaved, but gigantic, firm to be in violation of the antitrust laws
a. True
b. False
Indicate whether the statement is true or false
True
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All else equal, as the price of oil rises, potential profits from producing oil ________ which ________ oil companies to look for additional sources of oil
A) increase; encourages B) increase; discourages C) decrease; encourages D) decrease; discourages
The U.S. interest rate minus the foreign interest rate is called the ________
A) foreign interest rate differential B) U.S. bond rate differential C) U.S. interest rate differential D) U.S. stock yield differential
An example of the new goods bias in the CPI is the
A) introduction of higher quality brakes as standard equipment on new cars. B) introduction of hybrid automobiles, vehicles that were not made until recently. C) decreasing popularity of SUVs as the price of gasoline has risen. D) switch from traditional car dealerships to low-cost Internet car buying services.
Which of the following would cause the consumption function to shift down?
a. A decrease in disposable income b. A decrease in taxes c. An increase in taxes d. An increase in the marginal propensity to consume e. None of the above