A merger between U.S. Steel and General Motors would be an example of a
A) conspiracy in restraint of trade. B) horizontal merger.
C) conglomerate merger. D) vertical merger.
D
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A comprehensive retail sales tax is equivalent to a tax on income when _____
a. there is no deadweight loss from taxation b. there is at least some investment in the economy c. there is zero saving in the economy d. the economy is at full employment
Certain goods are related so that an increase in the price of one good decreases the demand for the other. These goods are: a. complements
b. substitutes. c. luxury goods. d. competing goods.
The money market clears as people with excess real balances:
a. buy bonds and drive down nominal rates of interest until the demand for real balances equals supply. b. sell bonds and drive up nominal rates of interest until the demand for real balances equals supply. c. increase spending, driving up nominal GDP and raising nominal rates of interest. d. sell financial assets such as stocks to increase the total supply of real balances.
During the recent? recession, many people were looking for jobs and companies were able to hire employees for a lower wage. This is an example of how the? ________ environment can affect business.
A. sociocultural B. technological C. global business D. domestic business E. Economic