The most common form of merger(s) in the U.S. economy is (are)
a. the horizontal merger
b. the vertical merger
c. the conglomerate merger
d. horizontal and vertical mergers (equally common)
e. horizontal and conglomerate mergers (equally common)
C
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In an effort to protect endangered species from the effects of logging in America's national forests, the federal government passes a law prohibiting logging in most of the state of Washington
Which of the figures above best illustrates the effect of this new law? A) Figure A B) Figure B C) Figure C D) Figure D E) None of the above because a prohibition cannot be illustrated using demand and supply figures.
Refer to Figure 9-1. Based on the graph of the labor market above, if a minimum wage of $8 per hour is imposed, which of the following will result?
A) The quantity of labor demanded by firms will rise. B) The quantity of labor demanded by firms will fall. C) The unemployment rate will fall. D) Both A and C will occur.
A perfectly competitive firm is a “price maker.”
Answer the following statement true (T) or false (F)
In a competitive labor market a firm will continue to employ workers for as long as an additional worker's marginal revenue product is below the wage rate
a. True b. False Indicate whether the statement is true or false