A takeover of one firm by another
A. ties up the nation’s capital wastefully.
B. uses up the economy’s credit supply.
C. reduces the value of the acquired firm.
D. changes the ownership of the acquired firm.
Answer: D
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The New York Yankees are playing the Boston Red Sox at Fenway Park. It is the bottom of the ninth inning, the score is tied 4-4, the bases are loaded, and there are no outs
Starting in the seats closest to the field, the crowd begins to stand and cheer , hoping that the Red Sox can drive in one more run and win the game. Describe the collective action problem that has developed in this situation.
The more successful a seller is in inducing buyers to pay the maximum price they would be willing to pay rather than do without the good, the
A) closer will the seller's marginal revenue curve come to the demand curve. B) greater will be the demand for the good. C) more elastic will be the demand for the good. D) more inelastic will be the demand for the good.
Pareto's Principle states that:
a. 20 percent of the time expended produces 80 percent of the results b. 90 percent of the time spent produces 10 percent of the results c. 75 percent of time is wasted d. A task or job fills the time available
Most economists believe that the theory of rational expectations is
a. more correct in the long run than the short run. b. more correct in the short run than the long run. c. correct in both the long run and short run. d. incorrect because it is based on false logic.