The Clayton Act of 1914:
A. prohibited selling products at "unreasonably low prices" with the intent of reducing competition.
B. outlawed tying contracts.
C. outlawed asset-purchase contracts that would substantially reduce competition.
D. made it illegal to monopolize a market.
Answer: B
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In a closed economy, an increase in government spending, while taxes remain the same, will be accompanied by
A) a decrease in private investment and an increase in privates saving. B) an increase in private investment and a decrease in private savings. C) a decrease in private investment only. D) an increase in private savings only.
Total revenue is a term economists use to describe the
a. price the firm charges for its goods b. money remaining after costs are paid c. average profit earned per good sold d. total profit earned by the firm e. money the firm receives selling its goods