Which of the following is illegal under Clayton Act of 1914?
a. Charging different prices for the same product.
b. Exclusive dealer agreements.
c. Tying contracts.
d. The purchase of the assets of a rival firm that lessens competition.
c
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In the circular flow model, firms use the money they earn from selling their goods and services to pay for the
a. goods and services they buy on the product market b. resources they buy on the product market c. goods and services they buy on the resource market d. resources they buy on the resource market e. differences between the revenue they earn selling the goods and services and the costs involved in producing them
If in fiscal year 2015, the federal government receives $2.2 trillion in revenues and spends $3.5 trillion for goods and services, the national debt will
a. increase by $2.2 trillion. b. increase by $1.3 trillion. c. decrease by $1.3 trillion. d. decrease by $2.2 trillion.