A merger between firms in which one firm purchases an input from the other is called a
A. horizontal merger.
B. vertical merger.
C. conglomerate merger.
D. none of these.
Answer: B
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The law of demand implies that if nothing else changes, there is
A) a positive relationship between the price of a good and the quantity demanded. B) a negative relationship between the price of a good and the quantity demanded. C) a linear relationship between price of a good and the quantity demanded. D) an exponential relationship between price of a good and the quantity demanded.
In the short run, if a firm shuts down its maximum loss equals the amount of its fixed cost
Indicate whether the statement is true or false
nder the Bretton Woods system, ______.
a. governments maintained stable exchange rates by buying or selling currencies or reserves b. exchange rates were very flexible and experienced little government intervention c. governments allowed exchange rates to fluctuate freely d. market forces totally determined exchange rates
Use the data in the following table for a private closed economy to answer the next question. All figures are in billions of dollars.Domestic Output or Income (RGDP = DI)Consumption$540$540560555580570600585620600640615660630The MPC and multiplier are, respectively,
A. 0.75 and 1.33. B. 0.80 and 1.25. C. 0.80 and 5. D. 0.75 and 4.