Which of the following combinations would constitute a vertical merger?
A) General Motors and Bridgestone Tire Company
B) General Motors and Ford Motor Company
C) Philip Morris and RJ Reynolds
D) Philip Morris and Barnes & Nobles Booksellers
A
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"Fluctuations in exchange rates, other things remaining the same, creates a situation in which money buys the same amount of goods and services in different currencies
" What does the previous statement describe? Will these fluctuations occur in the short run or the long run?
The greater the magnitude of the external benefits of production, a. The larger is the deadweight loss from overproduction
b. The greater would be the optimal tax. c. The less the private market solution would deviate from the socially efficient level of output. d. All of the above are true.
In 2012, the world's population surpassed
a. 3.5 billion. b. 1 billion. c. 10.5 billion. d. 7 billion.
During the first year of the Obama administration in 2009, the American economy experienced
A. low unemployment. B. stagnation. C. slow rate of growth. D. deflation.