Which of the following statements best describes the concentration movement between 1875-1905?
a. There were two phases, the first of which had relatively more horizontal mergers and the second had relatively more vertical mergers.
b. The first phase focused on vertical mergers, the second was a period of relative inactivity in acquisitions, and the third decade was one of horizontal mergers.
c. There were three phases, the first of which had relatively more vertical mergers and the second had relatively more horizontal mergers.
d. There were two waves of mergers. In the first wave most mergers were motivated by the desire to obtain monopoly profits and the second wave was obtained through greater economies of scale.
a. There were two phases, the first of which had relatively more horizontal mergers and the second had relatively more vertical mergers.
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In the above figure, at a wage rate of $20 per hour
A) there is a shortage of labor. B) there is a surplus of labor. C) the labor supply curve will shift rightward. D) the labor demand curve will shift rightward.
Each Federal Reserve bank has nine directors. Of these ________ are appointed by the member banks and ________ are appointed by the Board of Governors
A) three; six B) four; five C) five; four D) six; three
Planned investment expenditures will eventually decrease after: a. the money supply decreases
b. the demand for money decreases. c. the interest rate falls. d. the Fed buys government securities. e. business managers become more optimistic about future market conditions for their products.
Bill created a new software program he is willing to sell for $300. He sells his first copy and enjoys a producer surplus of $250. What is the price paid for the software?
a. $50. b. $300. c. $550. d. $250.