The Celler-Kefauver Act made it illegal to:
a. provide selective discounts.
b. set prices below marginal cost.
c. conspire to collude.
d. buy with cash a competitor's patents, plants, or equipment.
e. price discriminate.
d
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Students who talk loudly with each other in class
A) create an externality because other students cannot follow the lecture as well. B) disturb nobody. C) benefit the other students in class because they engage in conversation. D) only create an externality if they talk about something unrelated to class.
Which of the following is true of U.S. national debt between 1958 and 2010?
a. Total debt in the U.S. crossed $104 trillion in 2009. b. Debt as a percentage of GDP was the highest in the year 1978. c. Net interest payable by the U.S. government was the highest in the year 1990. d. Interest payment as a percentage of total government spending was the highest in 2009. e. Net interest payable by the U.S. government crossed $250 billion in 2009.