Brazil and Russia both depend on capital equipment as their primary exports
Indicate whether the statement is true or false
FALSE
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A merger between a firm extracting petroleum and a firm refining petroleum is a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
A candidate in the 1992 presidential election argued that our current federal income-tax system should be replaced with a flat-tax. That is, every individual should pay the same percentage of income in federal taxes regardless of his or her income
Evaluate the merits of this policy. In your answer, be sure to include a discussion of both the equity and efficiency considerations of such a tax proposal.
The behavior of the monopolistic firm
A. maximizes the benefits to consumers, given the resources available to the economy. B. increases output in order to raise prices in the short term. C. results in excess capacity and inefficiency. D. results in entry into the market by other firms.
Which of the following would be considered an investment in human capital?
a. switching to working the night shift to receive a higher wage b. buying a new computer c. enrolling in a three-week course to learn more about a specific topic in your line of work d. quitting a job for health reasons.