What are the three phases of antitrust policy in the United States, since 1890?
a. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, the rule of reason
b. 1890 to 1914, per se; 1914 to the early 1980s, the rule of reason; since then, per se
c. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, no antitrust policy
d. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of rate of return regulation
e. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of nationalization
a
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If you were to start your own business, your implicit costs would include the:
A. opportunity cost of the time you spend working at the business. B. profit you earn over and above your normal profit. C. interest that you pay on your business loans. D. rent that you have paid in advance for the use of a building.
The price of one bedroom apartments in Cheyenne increased from $55,000 to $65,000 and the quantity of apartment for sale increased from 25 to 30. Using the midpoint method, the price elasticity of supply for apartments in Cheyenne is equal to
A) 0.916. B) 0.75. C) 1.09. D) 2.18. E) 0.08.
The trade-off between physical capital and current consumption:
A. is harder for poorer countries than rich ones. B. is easier for poorer countries than rich ones. C. involves giving up less current consumption for poor countries, since they have little. D. involves giving up more current consumption for rich countries, since they have so much.
One difference between net domestic product and national income is that
A. national income includes government and business transfer payments. B. net domestic product includes depreciation. C. net domestic product includes indirect business taxes and transfers. D. net domestic product doesn't include Social Security taxes or corporate retained earnings.