________ made illegal every conspiracy in restraint of trade or commerce among the several states.

A. The Humphrey-Hawkins Act
B. The Clayton Act
C. The FTC Act
D. The Sherman Antitrust Act

Answer: D

Economics

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A cartel is

A) an agreement among competitors to regulate prices or output. B) a bond with no fixed maturity date. C) a contract between manufacturers and retailers. D) a highly leveraged buy-out. E) a shopping center in which all lessees pay the same percentage of common operating costs.

Economics

Use the following two statements in answering this question: I. For all Giffen goods the substitution effect is larger than the income effect. II. For all inferior goods the substitution effect is larger than the income effect

A) I and II are true. B) I is true, and II is false. C) I is false, and II is true. D) I and II are false.

Economics