The development of a low-cost synthetic fuel is expected to cause a decrease in the price of oil.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 2Which of the following laws was enacted to forbid monopolization and attempts to monopolize?
a. The Anti-Monopoly Act
b. The Sherman Antitrust Act
c. The Trade Act
d. The National Banking Act
e. The Celler-Kefauver Act
QUESTION 3Empirical evidence suggests that more digital cameras are being sold today than one year ago, and the selling price has decreased. The probable reason for this could have been an increase in supply.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 4The antitrust laws in the United States were created in the late 1800s as a result of :
a. the emergence of large and dominant businesses in railroads, steel, oil, mining and finance.
b. the government decision to take responsibility for the improvement of trade deficit.
c. the first illegal cartel, created in late 1800s.
d. a steep decline in prices of primary goods in the United States.
e. the threats of an external aggression received by the country.
QUESTION 5If more firms enter the telecommunications industry, we can expect the equilibrium price of telecom services to decrease and the equilibrium number of services to increase.
a. True
b. False
Indicate whether the statement is true or false
QUESTION 6Which of the following are the three laws that define the U.S government's approach to antitrust?
a. The Wilmington, Jackson, and International Trade Commission Acts
b. The Springfield, Clayton, and Trade Commission Acts
c. The Sherman, Clayton, and Federal Trade Commission Acts
d. The Sherman, Jackson, and Regional Trade Commission Acts
e. The Jackson, Charleston and Sherman Monopoly Restrictive Trade Acts
QUESTION 7A supply curve slopes downward because of the law of supply.
a. True
b. False
Indicate whether the statement is true or false
Quick Reply
