Which of the following is true?
A. The merger between Exxon and Mobil was subject to antitrust regulation by the U.S. Justice Department, but not by the European Commission.
B. Antitrust today could best be summed up by the 90 percent rule.
C. In the 1950s and 1960s the predominant types of mergers were of the conglomerate variety.
D. When two firms in the same industry form one larger company it is called a vertical merger.
C. In the 1950s and 1960s the predominant types of mergers were of the conglomerate variety.
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Which of the following statements is consistent with a decrease in supply?
A) Prices of raw material inputs have increased. B) There has been an advance in technology. C) Consumers' incomes have increased. D) The market price has decreased.
In the early 1980s, the government used fiscal policy to fight a recession by ______.
a. increasing tax rates b. lowering tax rates c. limiting government spending d. suspending unemployment benefits
The dominant currencies in the international bond market are the euro and the U.S. dollar
a. true b. false
Two firms, Acme and FirmCo, have access to five production processes, each of which has a different cost and gives off a different amount of pollution. The daily costs of the processes and the corresponding number of tons of smoke emitted are shown in the table below.ProcessABCDE(smoke/day)(4 tons/day)(3 tons/day)(2 tons/day)(1 tons/day)(0 tons/day)Cost to Acme ($/day)$750$800$1,000$1,400$2,000Cost to FirmCo ($/day)$500$750$1,200$2,200$4,000 Suppose the firms are both currently using process A. If the government imposes a tax of $110 per ton of smoke emitted, then Acme will use process ________, and FirmCo will use process ________.
A. D; C B. C; A C. B; A D. C; C