The law passed by Congress in 1914 that was designed to sharpen or define further the vagueness of the Sherman Act is called
A) the Robinson-Patman Act.
B) the Wheeler-Lea Act.
C) the Clayton Act.
D) the Federal Trade Commission Act.
Answer: C
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An increase in the real interest rate leads to a(n) ________
A) increase in demand for capital B) decrease in demand for labor C) increase real output D) increase in demand for money
The figure above shows the market for polio vaccination in Pakistan. Polio vaccination confers an external benefit because one person's vaccination makes it less likely that other people will catch polio
a. If the market is competitive and left unregulated, how many doses of vaccine will be administered? b. If the Melinda and Bill Gates Foundation underwrites the cost of the vaccine by paying for a large fraction of the preparation and delivery cost, what will happen to the number of doses administered? Why?