The Celler-Kefauver Act of 1950:
a. amended the Sherman Act to outlaw price fixing where the effect is to lessen competition
b. created the Interstate Commerce Commission.
c. prohibited conglomerate mergers where the effect is to lessen competition.
d. prohibited a firm from acquiring the assets of another firm where the effect is to lessen competition.
d
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Which of the following generalizations about the benefit of a subsidy is correct?
a. The more inelastic the supply of a product, the larger the portion of the benefit will be to buyers. b. The more inelastic the demand for a product, the larger the portion of the benefit will be to buyers. c. The more elastic the supply of a product, the smaller the portion of the benefit will be to buyers. d. The distribution of the benefit of a subsidy is not affected by the elasticity of the supply and demand for the product for which the subsidy is granted.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A. B. C to D. C. B to D. D. A to C.