The Robinson-Patman act
a. Is a part of the antitrust laws
b. Makes it illegal to give a price discount on a good sold to another business
c. Makes it illegal to give a price discount on a good sold to final customers
d. Both A&B
d
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We are investigating the relationship among three variables. We have graphed two of them. Suppose that the variable that is not measured on the x-axis or the y-axis changes. Then, there is
A) no impact on the plotted curve because the variable is not measured on either of the axes. B) a violation of the absence of trend assumption. C) a shift in the plotted curve. D) a movement along the plotted curve. E) an omitted variable.
Which of the following is not a category of consumption spending in the national income accounts?
A) Consumer durables B) Nondurable goods C) Services D) Housing purchases