A merger between a maker of household detergents and a fast-food chain would be an example of:
A. a horizontal merger.
B. an interlocking directorate.
C. a conglomerate merger.
D. a tying contract.
Answer: C
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Assume a manager of a major league baseball team has a player that is the best pitcheron team the team. However, he decides to to have him play right field instead. It turns out that he is not the best right fielder on the team
How might this manager defend his decision?
If the numbers of people officially employed and officially unemployed each increased by 10%, while the non-institutional population increased by 15%, what would be the effect?
a. an increase in the unemployment rate and an increase in the labor force participation rate b. an increase in the unemployment rate and a decrease in the labor force participation rate c. No change in the unemployment rate and an increase in the labor force participation rate d. No change in the unemployment rate and a decrease in the labor force participation rate
Use the following graph to answer the next question.
To maximize profits, the perfectly competitive firm should produce output at
A. A. B. B. C. C. D. K.
In a market system, self-interest motivates most people to:
A. avoid paying insurance premiums. B. remain self-sufficient. C. provide products for other people. D. rely on government central planning.