Suppose that the exchange rate between British pounds and U.S. dollars is originally $2.50 per pound. If it then changes to $3 for 1 pound, imports of British goods into the U.S. tend to:
a. rise

A sales tax on sellers of a good shifts the supply curve leftward because the tax is like a cost of production

Indicate whether the statement is true or false

The antitrust legislation that forbids a company from selling goods on the condition that the purchaser must deal exclusively with that company is the

A) Sherman Act. B) Robinson-Patman Act. C) Fair Trade Commission Act. D) Clayton Act.