Suppose a cereal firm, Nabisco, merges with both a wheat firm and milling firm. This is an example of a
A. vertical merger.
B. parallel merger.
C. diagonal merger.
D. horizontal merger.
Answer: A
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Which of the following can be a valid reason for Canada's GDP exceeding its GNP in 2001?
a. Net factor income from abroad in Canada was negative. b. Canada's GNP measurements were flawed. c. Canada's indirect business taxes were exceptionally high. d. The World Bank underestimated Canada's net exports. e. Canada's residents received more foreign aid than they could spend.
"Hidden" or "disguised" unemployment consists of:
a. involuntary part time work b. loss of overtime c. shortened work hours d. All of the above. e. b and c only
Which of the following would be not considered a common pool resource?
a. a lake where anyone can fish b. an oyster bed that anyone can take oysters from c. a congested public park d. a public pasture where anyone can graze their cattle e. a strip mine owned and operated by a coal-mining company
Which of the following firms is most likely to be a pure monopolist?
A. The most popular hot dog vendor on a city street corner B. The only gas station in a small, isolated town C. A clothing retailer with the best location in a mall D. A grocery store in a large city