Refer to the table. The government would likely challenge a merger between:
Answer the question on the basis of the following table showing market shares of firms in hypothetical industries. Assume these are distinct industries with no buyer-seller relationships or competition among them.
A. Firm 1 in Alpha and Firm 6 in Delta.
B. Firms 3 and 4 in Beta.
C. Firms 1 and 2 in Cappa.
D. Firm 4 in Alpha and Firm 3 in Cappa.
C. Firms 1 and 2 in Cappa.
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Who does NOT earn economic rent in a competitive factor market?
A) No one B) Everyone C) The last factor of production hired D) The inframarginal workers E) Only owners of physical properties earn economic rents
Moral hazard is a
a. Pre-contractual problem b. Post contractual problem c. Post firing problem d. None of the above
The natural rate of unemployment worsens if:
a. Unemployment benefits drastically improve. b. Capital markets become more competitive. c. A nation's resource endowments expand. d. All of the above. e. Actually, the natural rate cannot worsen. That's why it's called "natural."
Quality Motors is a Japanese-owned company that produces automobiles; all of its automobiles are produced in American plants. In 2010 Quality Motors produced $30 million worth of automobiles, with $17 million in sales to Americans, $9 million in sales to Canadians, and $4 million worth of automobiles added to Quality Motors' inventory. The transactions just described contribute how much to U.S
GDP for 2010? a. $17 million b. $21 million c. $26 million d. $30 million