An electronics company purchases a food company. This is an example of:
A. cointegration.
B. vertical integration.
C. horizontal integration.
D. conglomerate integration.
Answer: D
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If total revenue exceeds fixed cost, a firm
A) is making short-run profits. B) should produce in the short run. C) has covered its variable cost. D) may or may not produce in the short run, depending on whether total revenue covers variable cost.
As interest rates decline, all of the following will result except
A. Cost of borrowing diminishes. B. Demand curve for loanable funds shifts to the left. C. Quantity supplied of loanable funds decreases. D. Quantity demanded of loanable funds increases.
The macroeconomic policy planner’s job is made difficult because of
A. inaccurate multiplier estimates. B. timing problems. C. disagreements over potential GDP. D. uncertain forecasts. E. All of the above are correct.
A $1.00 change in the value of stocks changes consumption and investment by about
A. $1.10. B. $1.00. C. $.10. D. $.04.