A merger between two manufacturers of computers would result in which of the following?
a. A vertical merger.
b. A conglomerate merger.
c. A horizontal merger.
d. A monopoly merger.
c
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Refer to above Table 2-1. What is the level of National Income?
A) 2630 B) 2420 C) 2660 D) 2430
The administrators of welfare programs have strong incentives to eliminate poverty
a. True b. False
Goods like Wi-Fi networks that are nonrival but excludable are known as:
A. collective goods. B. private goods. C. commons goods. D. pure public goods.
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. a positively sloped straight line. C. negatively sloped and "bowed outward" from the origin. D. negatively sloped and "bowed inward" toward the origin.