If Tyson Corporation, a firm that raises and processes chickens, combines with Kentucky Fried Chicken, the resulting merger would be an example of a:
A. Horizontal merger
B. Geographic merger
C. Vertical merger
D. Conglomerate merger
C. Vertical merger
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Real GDP can increase if the
i. quantities of goods and services produced decrease and prices fall by a smaller percentage. ii. quantities of goods and services produced decrease and prices fall by a larger percentage. iii. quantities of goods and services produced decrease and prices do not change. iv. quantities of goods and services produced increase. A) i and iii B) iii only C) i only D) iv only E) i, ii, and iii
Gross domestic product is
A. one of many indicators of prosperity, some of which are monetary, and some of which are not. B. the only indicator of prosperity that economists use. C. one of many indicators of prosperity, all of which are monetary in nature. D. not a useful indicator of prosperity.
The terms of trade:
A. show the ratio at which nations will exchange two goods. B. show how the gains from trade can be equally shared. C. show the value of one nation's currency in terms of another nation's currency. D. compare the volume of a nation's exports and imports.
Traveler's checks are included in M1 but not in M2
Indicate whether the statement is true or false