Which one of these statements is true?
A. Most of the largest U.S. corporate mergers and acquisitions have occurred since 1995.
B. There is no discernable trend toward corporate bigness.
C. Conglomerate mergers are all vertical mergers.
D. In general, the deregulation of the airlines industry has led to higher costs and higher prices.
A. Most of the largest U.S. corporate mergers and acquisitions have occurred since 1995.
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The oligopolistic industry is not allocatively efficient because
A. the industry produces too little of the good. B. the industry produces at the lowest marginal cost. C. the industry produces at the lowest average total cost. D. the industry produces too much of the good.
The opportunity cost of holding money
A. varies inversely with the interest rate. B. varies directly with the interest rate. C. varies inversely with the level of economic activity. D. is zero because money is not an economic resource.
In the above figure, what is the full-employment real wage rate and quantity of hours per year?
A) $40 and 60 billion hours per year B) $50 and 100 billion hours per year C) $35 and 100 billion hours per year D) $50 and 40 billion hours per year
The number of futures contracts outstanding is called
A) turnover. B) volume. C) float. D) open interest.