In the Staples/Office Depot Case, the government:
A. blocked a merger.
B. allowed a merger but regulated the resulting firm.
C. allowed a merger and did not regulate the resulting firm.
D. prosecuted the two firms for collusion.
Answer: A
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The U.S. produces and sells millions of different products. To aggregate them together into a single measure of domestic output, the quantity of each good produced is weighted by its ________.
A. utility to consumers B. cost of production C. market price D. contribution to corporate profits
According to Classical interest rate theory, which of the following will increase the equilibrium interest rate?
A) A decrease in investment B) A decrease in saving C) An increase in money demand D) A decrease in money demand
In the equation S = Y - C, in order to interpret Y as disposable income, it is necessary to interpret S as ________ saving
A) private B) national C) government D) business
The Social Security Fund is designed as
A) a pay-as-you-go system. B) an investment portfolio that individual contributors can make periodic payments into. C) an account that allows periodic withdrawals by contributors. D) an individual account with a federal reserve bank.