The largest corporate merger in the history of the world was between
A. AOL and Time Warner.
B. Pfizer and Warner-Lambert.
C. Vodafone Air Touch and Mannesmann.
D. Exxon and Mobil.
C. Vodafone Air Touch and Mannesmann.
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The behavior of people in government
A) can be explained or understood by applying the same principles we use to predict the behavior of people in business. B) is different from the behavior of people in business because the former aims at the general welfare rather than private welfare. C) is essentially different from market behavior. D) is not compatible with the existence of a market system. E) serves to balance private-sector behavior.
________ is the market structure in which there are a few rival firms
A) Perfect competition B) Monopolistic competition C) Monopoly D) Oligopoly
The Phillips Curve depicts that, in general:
A. high amounts of unemployment in an economy will coincide with low inflation. B. low amounts of unemployment in an economy will coincide with low inflation. C. high amounts of unemployment in an economy will coincide with high inflation. D. high amounts of output in an economy will coincide with low inflation.
Hyperinflations are usually made possible by
A. multinational corporations. B. highly mobile international capital. C. governments printing money rapidly. D. higher and higher tax rates.