A merger between McDonald's and Burger King would be called a:
a. horizontal merger.
b. vertical merger.
c. conglomerate merger.
d. cartel.
e. game theory.
a
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The nature preservation services supplied by The Nature Conservancy which buys up ecologically important but endangered lands, is
a. nonrivalrous and nonexcludable. b. nonrivalrous and excludable. c. rival and nonexcludable. d. a private service.
Production processes in developing countries tend to be
a. labor intensive b. capital intensive c. highly automated d. market oriented e. none of the above
The effect of improvements in food-producing technology can be shown graphically by
a. rightward shifts in the supply curve of food b. leftward shifts in the supply curve of food c. rightward shifts in the demand curve for food d. leftward shifts in the demand curve for food e. both leftward shifts in the demand curve for and the supply curve of food
Which index is referred to when someone asks how the market is doing?