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LINE GRAPH: A graph containing one or more lines or curves that are used to represent relations between two (or more) variables. A line graph is a useful method of illustrating scientific principles and hypotheses important for the economic analysis.
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Lesson 18: Monopoly | Unit 5: Regulation
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Page: 28 of 30
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- More on Antitrust Laws:
- Antitrust laws are a series of federal laws, including the Sherman Act, Clayton Act, and Federal Trade Commission Act, designed to prevent monopoly actions that reduce competition and lead to an inefficient allocation of resources.
- The key laws are:
- Sherman Act (1890)
- Clayton Act (1914)
- Federal Trade Commission Act (1914)
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AUTONOMOUS NET EXPORTS Net exports by the foreign sector that do not depend on income or production (especially national income or gross domestic product). That is, changes in income do not generate changes in net exports. Autonomous net exports are best thought of as net exports that the foreign sector undertakes independent of income. They are measured by the intercept term of the net exports line. The alternative to autonomous net exports is induced net exports, which do depend on income.
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BLACK DISMALAPOD
[What's This?]
Today, you are likely to spend a great deal of time browsing about a thrift store looking to buy either an ink cartridge for your printer or a rechargeable battery for your camera. Be on the lookout for telephone calls from long-lost relatives.
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In his older years, Andrew Carnegie seldom carried money because he was offended by its sight and touch.
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"We succeed in enterprises (that) demand the positive qualities we possess, but we excel in those (that) can also make use of our defects." -- Alexis de Tocqueville, Statesman
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LIML
Limited Information Maximum Likelihood
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