Which of the following acts outlawed selling products at "unreasonably low prices" with the intent of reducing competition?
A) Sherman Act
B) FTC Act
C) Robinson-Patman Act
D) Wheeler-Lea Act
Answer: C
You might also like to view...
Nations with slower growth rates can "catch up" to rapidly growing countries by
A) using budget deficits as a long-run policy tool. B) adopting the technologies of the wealthier nations. C) pressuring the central bank to increase the money supply and reduce interest rates. D) raising the minimum wage. E) exporting more than it imports.
Suppose the foreign exchange market is in equilibrium. Then, the U.S. government increases borrowing, causing American interest rates to increase. What will happen to the price of the Japanese yen? Why?
What will be an ideal response?
Which of the following is not an example of inequality of opportunity?
a. The Indian caste system. b. The Japanese public education system. c. Jim Crow laws in the United States. d. South African apartheid.
Specialization and trade can create more wealth (output of goods and services): a. when we only trade for things we could not produce ourselves
b. when each person specializes in what they do relatively best and trade for the rest. c. only if we gain and other countries lose. d. only with certain nations.