When separate firms engaged in various stages of a production process are united under one ownership, the resulting combination is known as
A. a horizontal merger.
B. a vertical merger.
C. a conglomerate merger.
D. a trust.
B. a vertical merger.
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The abbreviation "GDP" stands for
A) Gross Domestic Prices. B) General Domestic Prices. C) Gross Domestic Product. D) Great Domestic Prices. E) Government's Domestic Politics.
With real-world examples, illustrate the various factors that can cause a shift in the demand curve of a commodity
What will be an ideal response?
What will happen to the demand curve for workers in steel mills if some technology that increases their productivity is introduced assuming all else equal?
A) It will cause a downward movement along the demand curve of the workers. B) It will cause an upward movement along the demand curve of the workers. C) It will cause a leftward shift in the demand curve of the workers. D) It may cause a rightward shift in the demand curve of the workers.
Describe the audit method of detecting discrimination
What will be an ideal response?