A merger between Bank of America and Citibank would be a ____ merger.
A. horizontal
B. vertical
C. conglomerate
D. diversifying
A. horizontal
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When the CPI rises ________, the inflation rate is ________
A) rapidly; low B) rapidly; high C) steadily; zero D) slowly; high E) rapidly; either high, low, or zero depending on whether production of output is increasing, decreasing, or not changing.
If a seller can sell 5 units at $8 each but can sell 6 units only by lowering the price to $7 (and must sell all units at the same price), the marginal revenue from selling the 6th unit is
A) $42. B) $7.50. C) $7. D) $2. E) none of the above.
? In 2005, the percentages of mortgages that were considered sub-prime:
a. increased dramatically.
b. increased minimally
c. decreased minimally.
d. decreased dramatically.
The simple circular flow model shows that workers and capital-owners offer their services to firms through the:
A. Product markets B. Resource markets C. Employment agencies D. Government agencies