The government is most likely to block a proposed merger between two companies when:
A. the cross-elasticity between the companies' products is positive and large.
B. the income elasticity of the companies' products is negative.
C. the cross-elasticity between the companies' products is negative and large.
D. the income elasticity of the companies' products is positive.
Answer: A
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As a currency depreciates:
A) exports increase and imports decrease.
B) exports decrease and imports increase.
C) exports increase and imports increase.
D) exports decrease and imports decrease.
The expression, "There's no such thing as a free lunch," implies that
What will be an ideal response?
Money is destroyed when
A. a bank gives you a $1,000 loan. B. you pay back a $1,000 loan to a bank. C. you deposit $1,000 cash to be deposited in your checking account. D. you cash a check for $1,000 at your bank.
What is the difference, if any, between physical capital and financial capital?
What will be an ideal response?