Which of the following is false?
A. In general, the deregulation of the airlines and interstate trucking industries led to higher costs and higher prices.
B. Since the early 1980s the size of companies acquired in mergers has been getting larger.
C. The rule of reason is partially in force today as firms are subject to prosecution if they control 60% of the relevant market and have behaved badly toward their competitors.
D. When two firms in the same industry form one larger company it is called a horizontal merger.
A. In general, the deregulation of the airlines and interstate trucking industries led to higher costs and higher prices.
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How will an interest rate decrease in the United States affect equilibrium in the foreign exchange market?
A) The equilibrium exchange rate will increase, and the equilibrium quantity of dollars traded will increase. B) The equilibrium exchange rate will increase, and the equilibrium quantity of dollars traded cannot be determined. C) The equilibrium exchange rate cannot be determined, and the equilibrium quantity of dollars traded will increase. D) The equilibrium exchange rate will decrease, and the equilibrium quantity of dollars traded cannot be determined.
If an economy is operating at a point inside the production possibilities curve,
a. its resources are not being used efficiently. b. the curve will begin to shift inward. c. the curve will begin to shift outward. d. This is a trick question because an economy cannot produce at a point inside the curve.
The three largest categories of spending by the Federal government in order from first to third would be
a. income security, net interest, and national defense b. national defense, net interest, and income security c. income security, health, and national defense d. health, income security, and national defense
There is a shortage of quantity demanded over quantity supplied when
A. market price is above equilibrium price. B. market price equals equilibrium price. C. market price is below equilibrium price.