The Sherman Act of 1890 outlawed:
A. Monopoly pricing and foreign trade
B. Price discrimination and monopoly profits
C. Restraint of trade and monopolization
D. Foreign trade and monopolization
C. Restraint of trade and monopolization
Economics
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The data in the above figure indicate that the economy will be in a long-run macroeconomic equilibrium at a price level of
A) 140. B) 130. C) 100. D) 120.
Economics
Marginal utility theory predicts that an increase in income means that the consumption of
A) all goods will increase. B) normal goods will increase and consumption of inferior goods will decrease. C) inferior goods will increase and consumption of normal goods will decrease. D) None of the above answers is correct.
Economics