A merger between firms that are in the same industry is called a
A) conglomerate merger.
B) horizontal merger.
C) vertical merger.
D) none of the above.
B
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The statement that "water is a necessity" is misleading because
A) it does not distinguish fresh water from salt water. B) it fails to specify for whom water is a necessity. C) it incorrectly assumes people use water only or primarily for drinking. D) water is a necessity only in desert environments. E) water is extremely abundant.
Under U.S. law, foreign ________ is (are) illegal in U.S. markets
A) dumping and export subsidies B) dumping only C) export subsidies only D) None of the above are illegal
Inflation reduces economic efficiency because it does each of the following except:
A. distort incentives through interaction with the tax laws. B. change relative prices. C. obscure information transmitted by prices. D. induce people to minimize cash holdings.
The Fed's two main monetary policy targets are
A) the money supply and the inflation rate. B) the money supply and the interest rate. C) the interest rate and real GDP. D) the inflation rate and real GDP.