Over the years, many food and beverage producers began merging with other companies. Nabisco merged with a tobacco firm; Campbell's Soup purchased mushroom farms; and, Anheuser-Busch purchased, among others, malt, yeast, and canning companies. Pepsi purchased Kentucky Fried Chicken, Taco Bell, and Pizza Hut. Which of these merging firms engaged in either vertical or conglomerate mergers?
a. none
b. all
c. only Campbell's Soup
d. only Anheuser-Busch
e. only Pepsi
B
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__________ bonds are municipal bonds that are backed by the general taxing power of the state or local government
A) General obligation B) Revenue C) Tax-anticipation D) Bond-anticipation
The underlying fluctuations in real GDP due to the business cycle are reflected by fluctuations in
A) inflation. B) population growth. C) the labor force. D) real GDP per capita.
Which of the following is true" a. To choose is to lose
b. Scarcity forces us to compete, but not to choose. c. Scarcity forces us to choose, but not to compete. d. Economic principles would be irrelevant if scarcity was eliminated.
What country has often run trade surpluses near $100 billion per year since 1990?
a. Germany b. China c. India d. Japan