Which of the following mergers would most likely be challenged by the Federal Trade Commission?
A) two restaurants in a large metro area
B) two largest wireless service providers in the U.S. wireless communication industry
C) an automaker and an insurance company
D) one oil refinery in the U.S. and another oil refinery in Canada
B
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All of the following are consequences of adverse selection on good firms EXCEPT
A) the cost of external financing increases. B) firms need to rely more on internal funds. C) firms need to rely more on accumulated profits. D) firms will only be able to attain financing from the government.
A production point that lies outside the Production Possibilities Curve (PPC)
A) denotes inefficiency. B) indicates unemployment. C) is currently not attainable. D) can never be reached, even in future periods.
Which of the following has aided the process of globalization?
a. An increase in transportation costs in recent decades b. Innovations in computing and telecommunications in recent decades c. Increases in tariffs and quotas in recent decades d. The lack of access to digital information in recent decades
To decrease the money supply, the Fed would
What will be an ideal response?