A merger between firms that are in the same industry is called a
A. conglomerate merger.
B. vertical merger.
C. horizontal merger.
D. none of these.
Answer: C
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Since the 1970s, the income tax system in the U.S. has become
a. less regressive. b. more aggressive. c. less progressive. d. regressive e. more proportional.
Which of the following is true of dependent variables?
A. A dependent variable can only have a numerical value. B. A dependent variable cannot have more than 2 values. C. A dependent variable can be binary. D. A dependent variable cannot have a qualitative meaning.
Consider the monopoly in the figure below with price regulated at $2 per unit. The regulated price will result in a: 
A. surplus of 2 units. B. surplus of 5 units. C. shortage of 2 units. D. shortage of 5 units.
Refer to Figure 5-13. The amount of the gasoline tax is ________ per gallon
A) $0.75 B) $1.25 C) $1.75 D) $2.00