According to Simon Kuznets, _____.
a. the main force behind economic growth is increases in the quantity of labor
b. the main force behind economic growth is increases in the quantity of capital
c. the main force behind economic growth is increases in the quality of inputs
d. government regulations increase labor productivity
e. government regulations decrease labor productivity
Question 2
Under a rule of reason approach, an act is illegal:
a. only if it is shown to result in an anticompetitive outcome.
b. if two parties merge.
c. if a firm engages in price discrimination.
d. if two firms engage in price fixing.
e. if two firms undertake a joint venture