General Electric
A. is the present king of conglomerates.
B. has gone bankrupt.
C. lost a major antitrust suit.
D. was built through horizontal mergers.
A. is the present king of conglomerates.
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Assume that the production technology required to produce goods X and Y is very similar. If a firm that is producing good X notices that the market price of good Y is rising, it will:
A. shift into producing good Y. B. anticipate a price increase for good X. C. intensify its production of good X. D. charge a higher price for good X.
In terms of which party or parties capture any gains from a land transaction, what is the difference when land is acquired through eminent domain and when land is acquired through the bargaining process?
What will be an ideal response?
On a diagram of a production possibilities frontier, economic growth is represented by the slope of the production possibilities frontier
Indicate whether the statement is true or false
The most direct opportunity cost of having large families in an LDC such as Egypt is the
a. loss of its customs and traditions b. benefit of having more hands to help on the farm c. larger tax revenues government collects from families d. sacrifice of per capita material goods and services e. political instability generated by population size