The Sherman Antitrust Act
a. outlawed restraints and monopolies that hindered trade.
b. nationalized the railroads.
c. established the FDA.
d. applied only to banking.
Ans: a. outlawed restraints and monopolies that hindered trade.
Economics
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The idea that economic agents do not make systematic errors because they use all information efficiently is called the
A) consistency hypothesis. B) rational expectations hypothesis. C) information efficiency hypothesis. D) principle of maximizing behavior.
Economics
Which of the following events will cause a downward movement along the value of marginal product of labor curve?
a. An increase in wage rate b. An increase in price of the product c. A decrease in wage rate d. A decrease in price of the product
Economics