Which of the following integration types aims at reducing transaction costs?
A. Cointegration
B. Vertical integration
C. Conglomerate integration
D. Horizontal integration
Answer: B
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If a 2 percent change in price leads to a ________ percent change in the quantity demanded, then demand is ________
A) 2; elastic B) 1; unit elastic C) 3; inelastic D) 1; inelastic E) 0; perfectly elastic
Peanut butter and jelly are complements. If the price of peanut butter increases, the demand for jelly will increase
Indicate whether the statement is true or false
In 1997, there was a speculative attack on the Thai baht. This resulted from the:
A. belief by speculators that the Thai central bank didn't have sufficient U.S. dollar reserves to maintain the current fixed rate. B. revelation that the Thai central bank had converted its gold reserves into foreign exchange. C. belief by speculators that the Thai central bank had an oversupply of U.S. dollar reserves. D. overthrow of the Thai president and the central bank.
Which of the following is a marginal decision, rather than an either-or decision?
a. whether to recommend a friend for a job at your workplace b. whether to ask for a promotion c. how much money to invest in your savings account d. whether to look for another job