If Happy Avocados, a ready-made guacamole manufacturer, purchases an avocado farm, this is an example of ________.
A) outsourcing
B) backward integration
C) divestiture
D) forward integration
B) backward integration
Economics
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Describe why monetary policy rules are superior to discretionary monetary policy
What will be an ideal response?
Economics
If the price of one good changes, what happens to the relative price and the slope of the household's budget line?
What will be an ideal response?
Economics
An "unsecured" loan is one
A) with no stated collateral. B) that is pending approval by a bank loan committee. C) which has collateral. D) in which the borrower is delinquent in loan payments but has not formally defaulted on.
Economics
The change in total revenue due to one unit change in labor usage is called marginal revenue
Indicate whether the statement is true or false
Economics