The Sherman Antitrust Act was passed to
A) protect companies from foreign competition.
B) protect the monopoly profits of firms.
C) control the growth of monopolies in the U.S.
D) prevent market price from equaling marginal cost.
Answer: C
Economics
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If the price of salt increases and the quantity demanded does not change, then
A) the price elasticity of demand is equal to zero. B) demand is perfectly inelastic. C) the demand curve for salt is horizontal. D) Both answers A and B are correct.
Economics
Which of the following occurs when investment is crowded out by government spending?
A) interest rates fall B) the amount of borrowing by the government falls C) the amount of government debt rises D) consumption increases
Economics