Which of the following would not be illegal according to the Robinson-Patman Act
a. "Party Packers" getting 10cents off every pack of ribbon they buy after 1000 units
b. "Fred's Farms" offering 50 cents off a crate of strawberries to retailers to match other suppliers with similar rates
c. "Sam's Sandwiches" receiving 5 cents off per pound of cheese
d. All of the above
b
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The lag problem associated with fiscal policy is due mostly to
a. the fact that business firms make investment plans far in advance. b. the political system of checks and balances that slows down the process of implementing fiscal policy. c. the time it takes for changes in government spending or taxes to affect the interest rate. d. All of the above are correct.
Which of the following statements about state lotteries is false?
A. State lotteries are monopolies, with competing private lotteries banned B. State lotteries are highly controversial, with critics and defenders still debating their merits C. Less than half of the states in the U.S. have state lotteries because of their controversial nature D. The payout rates of state lotteries are substantially lower than in private betting operations like casinos