Vertical merger
What will be an ideal response?
a merger of corporations involved in different steps of manufacturing or marketing is known as a
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Use the following figure showing the domestic demand and supply curves for product B in a hypothetical economy to answer the next question.
Prior-to-trade (autarky) total economic surplus equals areas
A. A + B + C. B. A + B + C + E + F + G + I. C. A + B + C + E + F. D. A + B + C + D.
The burden of a tax on a consumer good with very inelastic demand is usually
a. shifted to the producer. b. shared equally by the producer. c. zero since consumers do not decrease their purchases of the good. d. shifted to the final consumer.
Malthus predicted that:
A. income would eventually grow faster than population, so per capita income would eventually begin to increase. B. population and income would eventually grow at the same rate, so per capita income would increase over time. C. population and income would eventually grow at the same rate, so per capita income would eventually be constant. D. population would eventually grow faster than income, so per capita income would eventually begin to decrease.
Refer to the information provided in Figure 23.5 below to answer the question(s) that follow.
Figure 23.5Refer to Figure 23.5. Aggregate saving is -100 billion when aggregate income is ________ billion.
A. -$50 B. $400 C. $800 D. $900