If your supplier becomes more profitable
a. you become more profitable by acquiring it
b. you become less profitable by acquiring it
c. acquiring it will make you more profitable if there are no synergies to exploit
d. unless there are no synergies to exploit through acquisition, acquiring it will not make you more profitable
d
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Refer to Figure 7-2. Without the tariff in place, the United States consumes
A) 12 million pounds of coffee. B) 26 million pounds of coffee. C) 33 million pounds of coffee. D) 45 million pounds of coffee.
Refer to the above figure. Production at Point E
A. would indicate production at a level below that which is attainable. B. would demonstrate a total lack of technical expertise. C. would indicate that this economy is producing beyond its capabilities. D. is not attainable with given resources and technology.
The difference between the short run and the long run is
A) economic profits are negative in the short run and positive in the long run. B) economic and accounting profits are not equal in the short run but are equal in the long run. C) that in the short run at least one factor of production cannot be varied while in the long run all factors of production can be varied. D) the short run is a period less than a year while the long run is a period greater than a year.
Refer to the below table. If output increases by 8% from Year 5 to Year 6, then in that period
A.
Real GDP will rise faster than nominal GDP
B.
Real GDP will rise slower than nominal GDP
C.
Nominal GDP will decrease
D.
Real GDP will decrease