A major shortcoming of the Sherman Act was that:
A. It was too specific
B. It was never enforced by the courts
C. Violators of the act were forced out of business
D. It did not explicitly state which activities were illegal
D. It did not explicitly state which activities were illegal
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Which of the following is likely to cause a decrease in both the wage rate and the level of employment in an industry?
A) A right shift in the supply curve for labor, without any change in the demand curve for labor B) A left shift in the supply curve for labor, without any change in the demand curve for labor C) A right shift in the demand curve for labor, without any change in the supply curve for labor D) A left shift in the demand curve for labor, without any change in the supply curve for labor
If foreigners increase their ownership of U.S. assets, this would help to offset
a. a deficit in the U.S. current account b. a deficit in the U.S. capital account c. a surplus in the U.S. current account d. a surplus in the U.S. capital account e. a surplus in the total balance of payments