The federal law that prohibits, among other things, "unfair" competition and created the Federal Trade Commission is the:
A) Sherman Act of 1890.
B) Clayton Act of 1914.
C) Federal Trade Commission Act of 1914.
D) Celler-Kefauver Act of 1950.
C
Economics
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In the short run, a firm that is operating at a loss has two options. These options are
A) to go out of business or declare bankruptcy. B) to reduce output or reduce its variable costs. C) to shut down temporarily or continue to produce. D) to adopt new technology or change the size of its physical plant.
Economics
A depreciation of one's currency means that:
A. the country's exports will become more expensive. B. the country's imports will become more expensive. C. the country's imports will become less expensive. D. it now requires less of this currency in exchange for one unit of another currency.
Economics