Which of the following is not an important antitrust law?
A) the Sherman Act of 1890
B) the Clayton Act of 1914
C) the Consumer Protection Act of 1932
D) the Federal Trade Commission Act of 1914
E) None of the above are antitrust laws.
C
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Erik can work as a forest ranger, where the probability of being killed in a work-related accident is 1/6,000, or he can earn an additional $800 a year by working as a game warden,
where the probability of being killed in a work-related accident is 3/6,000. Using the compensating differential approach and the above information, what is the value of Erik's life? A) $1.6 million B) $2.4 million C) $3.2 million D) $4.8 million
A method of forcing a company to internalize the total cost of production is
A) to impose a tax on the company to reduce production. B) to provide a subsidy to encourage production. C) for government not to interfere in the company's activities. D) to force the company to reduce the wages it pays to its employees.