A merger will usually be challenged if which of the following is expected to occur as a result of the merger?
A) competition remains after the merger
B) a price decrease
C) a decrease in consumer surplus
D) an increase in consumer surplus
C) a decrease in consumer surplus
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A person's consumption possibilities is defined by the budget line because
A) it marks the boundary between what is affordable and unaffordable. B) it represents the individual's preference for different combinations of goods. C) it marks the boundary between what can be produced and what is unattainable given the current state of technology and resources. D) all consumers must consume on their budget line.
If the nominal interest rate is 5.6 percent and the rate of inflation is 7.1 percent in a given year, then what is the corresponding real rate of return?
A) 12 .7 percent B) 1.5 percent C) -1.5 percent D) -12.7 percent
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.
Depreciation of the dollar refers to
A. An increase in the price of foreign currency in terms of dollars. B. A loss of foreign exchange reserves. C. A fall in the dollar price of a foreign currency. D. Intervention in international money markets.