What was the Federal Trade Commission (FTC), established in 1914, created to enforce?
(a) U.S. foreign trade
(b) The maritime code
(c) The Interstate Commerce Act
(d) The antitrust laws
(d)
Economics
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In a perfectly competitive labor market, at the equilibrium wage rate:
A) cyclical unemployment is negative. B) frictional unemployment is positive. C) frictional unemployment is zero. D) cyclical unemployment is positive.
Economics
If society were to maximize the utility of its best-off member, the final allocation would be
A) perfect equity. B) on the contract curve. C) Pareto efficient. D) one in which one person gets everything.
Economics