The Justice Department and the Federal Trade Commission are likely to oppose mergers
A. that seem likely to increase efficiency.
B. that create a larger firm with economies of scale in a contestable market.
C. which will help one of the merging firms out of financial difficulties.
D. which threaten to reduce competition.
Answer: D
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Saving equals:
A. assets minus liabilities. B. wealth minus assets. C. current income minus spending on current needs. D. current spending minus current income.
Use the above table. Assuming constant opportunity costs, the opportunity cost of producing a pound of beef in Argentina is
A) 2 gallons of wine. B) 3 gallons of wine. C) 0.5 gallons of wine. D) 0.33 gallons of wine.
Government spending is set by the federal authorities in such a way that aggregate supply just equals aggregate spending
a. True b. False Indicate whether the statement is true or false
About what proportion of the variation of wages across workers is explained by factors that can be measured? What are the other factors that explain wage differences but are difficult to measure?