A merger between a firm manufacturing radios and a firm manufacturing paper products is a
A) conglomerate merger.
B) diagonal merger.
C) horizontal merger.
D) vertical merger.
A
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Market failure can result from market outcomes that:
a. result in too few resources devoted to a good. b. result in too many resources devoted to a good. c. may justify government intervention. d. all of these.
Country A and country B both increase their capital stock by one unit. Output in country A increases by 12 while output in country B increases by 15 . Other things the same, diminishing returns implies that country A is
a. richer than Country B. If Country A adds another unit of capital, output will increase by more than 12 units. b. richer than Country B. If Country A adds another unit of capital, output will increase by less than 12 units. c. poorer than Country B. If Country A adds another unit of capital, output will increase by more than 12 units. d. poorer than Country B. If Country A adds another unit of capital, output will increase by less than 12 units.
Which of the following support the idea that monetary policy should be made by a rule?
a. the political business cycle and the time-inconsistency problem b. the political business cycle but not the time-inconsistency problem c. the time-inconsistency problem, but not the political business cycle d. neither the political business cycle nor the time-inconsistency problem
Refer to Figure 2.3. At a price of $10 per CD, there would be:
A. excess supply of 70 thousand CDs.
B. excess demand of 50 thousand CDs.
C. excess supply of 50 thousand CDs.
D. excess demand of 70 thousand CDs.