Which of the following is FALSE?
a. The Robinson-Patman act is a part of the antitrust laws
b. Under the Robinson-Patman act it is illegal to give a price discount on goods sold to another business
c. Under the Robinson-Patman act, it is illegal to give a price discount on goods sold to final customers
d. Under the Robinson-Patman act, the only discount allowed is the one based on difference in servicing costs of different groups
c
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What economic impact would the closing of a nearby military base have on a town? Would people and businesses that did not directly deal with the military personnel be affected?
What will be an ideal response?
According the traditional Keynesian approach, an increase in government spending is effective in raising real Gross Domestic Product (GDP) if
A) the price level is fixed. B) the price level is flexible. C) the price level does not exist. D) Ricardian equivalence occurs, regardless of the price level.