Which of the following combinations would constitute a vertical merger?
A. Samsung Electronics and Ford Motor Company
B. General Motors and Bridgestone Tire Company
C. Dell and Apple computer companies
D. Yahoo! and Google Internet search engine companies
Answer: B
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In which instance will total revenues decline?
A. price increases and demand is unit-elastic B. price increases and Ed equals -2.47 C. price increases and Ed equals -.41 D. price decreases and demand is elastic
The aggregate savings in an economy is $1,750 and the GDP of the economy is $55,000. The savings rate in the economy is:
A) 1.8%. B) 3.15%. C) 10%. D) 8.96%.
The resource termed labor consists of the physical, but not the mental, talents that people contribute to the production process
Indicate whether the statement is true or false
If people begin to favor science fiction novels to a greater degree than previously, the demand curve for science fiction novels
A) shifts rightward. B) shifts leftward. C) stays constant. D) can shift either rightward or leftward.