Which of the following has tended to reduce the importance of antitrust law according to some economists?
A. Industrial policy
B. Conglomerate mergers
C. The rule of reason decision
D. Rapidly changing technology
D. Rapidly changing technology
Economics
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The condition required for a consumer to be maximizing utility, for any pair of products, X and Y, is
A) MUX = MUY. B) MUX/PY = MUY/PX. C) PX = PY. D) PX(MUX) = PY(MUY). E) MUX/PX = MUY/PY.
Economics
The multiplier tells us the relationship between
A. the exchange rate and the level of imports. B. the interest rate and the level of investment expenditure. C. a change in autonomous spending and the resulting change in equilibrium real GDP. D. the exchange rate and the level of exports.
Economics