__________ are most likely to raise the eyebrows of antitrust officials while ______ are not
a. Price discriminators; predatory pricers
b. Conglomerate mergers; vertical mergers
c. Horizontal mergers; conglomerate mergers
d. Low Herfindahl-Hirschman indices; high Herfindahl-Hirschman indices
e. Patent sales; patent purchases
C
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In the United Kingdom, most doctors are privately employed
Indicate whether the statement is true or false
Since World War II, the average length of recessions in the United States has been:
a. 2 months. b. 11 months. c. 2 years. d. 3 1/2 years.
Suppose that Kansas farmers can grow wheat more cheaply than can Texas farmers. In the interest of efficiency, what is the desirable outcome?
A. Pass a law in Kansas mandating a minimum price for wheat equal to what is charged by Texas farmers. B. Allow the Kansas farmers to sell their wheat for a lower price. C. Pass a law in Texas mandating a maximum price for wheat equal to what is charged by Kansas farmers. D. Have Texas residents boycott Kansas wheat.
Which of the following is consistent with the circular flow of income?I.Goods and services flow in one direction.II.Payments and incomes flow in one direction.III.Sellers receive less than what buyers spend.
A. I only B. II only C. III only D. Both I and II