If the stock market booms, consumption will rise.
Answer the following statement true (T) or false (F)
True
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A horizontal merger is a merger between firms
A) earning roughly the same amount of profit. B) producing roughly the same products. C) regularly doing business of any sort with each other. D) standing in a supplier-purchaser relationship. E) that were previously independent.
Buying securities on the margin requires people interested in buying stocks to pay only a percentage (a margin) of the actual purchase price. The rest is borrowed from someone else, usually an investor's broker
Indicate whether the statement is true or false
When we say that economic fluctuations are "irregular and unpredictable," we mean that
a. the relationship between output and unemployment is erratic and difficult to characterize. b. when one macroeconomic variable that measures income or spending is falling, other macroeconomic variables that measure income or spending are likely to be rising. c. recessions do not occur at regular intervals. d. All of the above are correct.
Which of the following accurately shows how world trade has changed since 1950?
a. Average tariff rates are under 5%. b. The Smoot-Hawley tariff was passed. c. International trade has fallen sharply. d. Tariffs and quotas have increased.