A decrease in the marginal revenue product of land will:
a. decrease the supply of land
b. increase the rental earnings from land.
c. increase the price of land.
d. decrease the demand for land.
d
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At the equilibrium price
a. only sellers who value the product more than the equilibrium price would be willing to sell b. only buyers who value the product less than the equilibrium price would be willing to buy c. only buyers who value the product more than the equilibrium price would be willing to buy d. None of the parties would be willing to trade
If interest rates increase, the government debt becomes:
A. more expensive to pay. B. less expensive to pay. C. more volatile. D. less of a burden.
When a temporary beneficial supply shock hits a small open economy, it causes the current account to ________ and investment to ________.
A. fall; remain unchanged B. rise; remain unchanged C. rise; fall D. fall; fall
Refer to the table. A merger between Firm 2 and Firm 3 in Alpha would be a:
Answer the question on the basis of the following table showing market shares of firms in hypothetical industries. Assume these are distinct industries with no buyer-seller relationships or competition among them.
A. vertical merger.
B. horizontal merger.
C. diagonal merger.
D. conglomerate merger.