(Consider This) In 1975, McDonald's introduced its Egg McMuffin breakfast sandwich, which remains popular and profitable today. This longevity illustrates the idea of:
A. opportunity cost.
B. upsloping supply.
C. consumer sovereignty.
D. specialization.
Answer: C
Economics
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If one software company conspired with another software company to raise prices, this would be in violation of the:
a. Federal Trade Commission Act. b. Clayton Act. c. Sherman Antitrust Act. d. Robinson-Patman Act.
Economics
For the past several decades, the percentage of national income in the United States allocated to physical capital (rents, interest, profit) has been approximately
a. 20 percent. b. 40 percent. c. 60 percent. d. 80 percent.
Economics