The mergers between Sony and Columbia Pictures and between MCA and Matsushita are ________ mergers.
Fill in the blank(s) with the appropriate word(s).
vertical
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A firm will shut down in the short-run if
a. P>AVC
b. P
The Civil Rights Act of 1964 in the United States led to _____
a. the introduction of the concept of discrimination. b. complete elimination of discrimination from the labor force. c. the creation of equal opportunities for men and women. d. the creation of equal opportunities for the members of different races. e. the establishment of a much clearer definition of discrimination.
When the price of one product falls,
a. consumers' real income will increase. b. consumers will buy less of that product. c. consumers will not change their buying patterns. d. consumers' real income will decrease.
In the U.S. economy, labor receives
A. the lowest share of income. B. the highest share of income. C. about a quarter of income. D. about three-quarters of income.