Many people favor stronger gun control as a method of reducing murder rates. Others argue that criminals will get guns despite stronger laws restricting them. Assume those seeking gun control recognize this argument but they still push for gun control. They most likely believe that
A. criminals fall prey to the Weber-Fechner law.
B. people are rational but are subject to the self control pitfall in moments of high passion.
C. murders are usually premeditated rational acts based on cost-benefit analysis.
D. the sophomore jinx does not apply to murderers.
Answer: B
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Of the following, the best example of private information is when
A) Michael knows the price of a gallon of milk at the minimart but Michelle doesn't know. B) you know some of your used car's defects but a potential buyer cannot find out about them until after buying. C) you don't know the quality of a used car and must hire a trained mechanic who tells you all its defects. D) you pay the owner of a used car a little extra and she lets you know all of the car's defects.
Which act of Congress extended the government's authority to block horizontal and vertical mergers?
a. the Clayton Act b. the Sherman Antitrust Act c. the Wheeler-Lea Act d. the Celler-Kefauver Anti-Merger Act e. the Herfindahl-Hirschmann Act