Author Question: The most important determinant of a household's consumption spending is: a. its disposable income. ... (Read 17 times)

jho37 · **on:** Jun 30, 2018

The most important determinant of a household's consumption spending is:
a. its disposable income.
b. the in-kind transfers received by the household.
c. the level of education of the members of the household.
d. the interest rate.
e. the ratio of wage to non-wage income of the household.

Question 2

Prior to 1914, did antitrust legislation have much effect on monopoly power in the United States?

Chocorrol77 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

The Sherman Antitrust Act passed in 1890 was extremely vague and difficult to enforce. As a result, the act was ineffective for years and the federal government did not win its first notable cases against Standard Oil and American Tobacco until 1911.