The idea of improving cash flow by exploiting the cyclical nature of different product lines is represented in:
A. cointegration.
B. vertical integration.
C. conglomerate integration.
D. horizontal integration.
Answer: C
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People in the U.S. will rarely pay a great deal per gallon to obtain water because
A) there are so many excellent substitutes for water. B) there is no relationship between objective price and subjective value. C) they are usually creatures of habit. D) they think water, as a basic necessity, ought to be supplied at a very low price. E) they place a very low marginal value on water.
What are the requirements for perfect competition?
What will be an ideal response?
Public housing is an example of
A. Money income. B. In-kind income. C. Personal expenditure. D. Free goods.
Game theory proves most useful for analyzing
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly