A hostile takeover is one opposed by the firm’s existing management.
Answer the following statement true (T) or false (F)
True
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Government regulations require publicly traded firms to provide information, reducing
A) transactions costs. B) the need for diversification. C) the adverse selection problem. D) economies of scale.
One thing that did not happen in the former Soviet Union was
a. widespread corruption b. a lack of faith in formal institutions c. workers bribing officials to get good jobs d. consumers paying fair market prices to get desired products e. prices not being allowed to allocate resources efficiently
The political popularity of a tariff on imported goods that compete with products of a well-established domestic industry is
a. surprising since one would expect the political power of consumers to override the interests of even a well-established domestic industry. b. surprising since one would expect the economic harm resulting from tariffs to be well understood by voters. c. not surprising since such a tariff would generally benefit an easily recognized interest group at the expense of uninformed, uninterested consumers. d. not surprising since the tariff enables domestic producers and consumers to gain at the expense of foreigners.
The equilibrium price of labor is called:
A. the wage. B. the leisure trade-off. C. income, plus benefits. D. opportunity cost.