A conglomerate merger takes place when
A. a firm acquires a competitor.
B. similar firms agree to compete.
C. a firm integrates its production backward toward its source of supply or forward in its marketing chain.
D. a firm buys another firm unrelated to the original firm's business.
D. a firm buys another firm unrelated to the original firm's business.
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If the money stock is $900 million and the reserve requirement is 20%, what is the monetary base?
A) $180 million B) $4,500 million C) $720 million D) The monetary base cannot be determined with the information given.
Money allows people to specialize in what they do best, thereby raising everyone's standard of living
a. True b. False Indicate whether the statement is true or false
The easiest way to have a monopoly today is
A. with a strong business plan. B. to have the government protect you. C. to be in a socialistic country. D. to own everything in your market.
In 1973, mainstream sources predicted that the world would run out of oil in
A) 20 years. B) 40 years. C) 100 years. D) Mainstream sources in 1973 predicted the world would never run out of oil.