Relative prices describe the terms at which individual goods are exchanged for one another.

Relative prices describe the terms at which individual goods are exchanged for one another.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

A grocery store cannot sell Campbell Soup if it also sells other brands of soup. This is an example of:
 a. resale price maintenance.
  b. territorial restrictions.
  c. a tying agreement.
  d. exclusive dealing.

QUESTION 3

Government deficits of one generation cannot affect the standard of living of the next generation.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

Inflation is the hardest on those living on fixed incomes.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 5

Under the Clayton Act, horizontal mergers by stock acquisition were:
 a. not considered.
  b. illegal if they could be show to lessen competition.
  c. illegal under any circumstances.
  d. legal if they could be shown to lessen competition.