The Sherman Act made cooperative agreements
a. unenforceable outside of established judicial review processes.
b. enforceable with proper judicial review.
c. a criminal conspiracy.
d. a crime, but did not give direction on possible penalties.
c
Economics
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According to Baumol and Blinder, from the demand side an increase in the price level causes aggregate expenditures to
a. fall, resulting in a lower level of equilibrium income. b. fall, resulting in a higher level of equilibrium income. c. rise, resulting in a higher level of equilibrium income. d. rise, resulting in a lower level of equilibrium income.
Economics
Refer to Table 2-14. Scotland has a comparative advantage in the production of
A) motorcycles. B) guitars. C) both products. D) neither product.
Economics