If an ice-cream manufacturer acquires a frozen yogurt producer, you would likely see
a. Lower prices for both the ice cream and the frozen yogurt
b. Higher prices for both the ice cream and the frozen yogurt
c. Higher prices for ice cream, but lower prices for frozen yogurt
d. Higher prices for frozen yogurt but lower prices for ice cream
b
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A business produced $10 million of goods in 2007 but sold only $9 million. Is the $1 million increase in inventory counted as part of the 2007 gross domestic product?
What will be an ideal response?
Exhibit 15-1 Production possibilities curves
In Exhibit 15-1, the production possibilities curves of wheat and corn for Nabia and Pada are presented. In Nabia the cost of producing one more unit of wheat is equal to:
A. 4 units of corn. B. 4 units of wheat. C. 1/4 unit of corn. D. 15 units of corn.
The "bail-out" money that went to giant financial institutions like Citibank and Goldman Sachs, along with General Motors and Chrysler during the Financial Crisis and the Great Recession, came from the:
A. American Recovery and Reinvestment Act B. Troubled Assets Relief Program C. Primary Dealer Credit Facility D. Term Securities Lending Facility
Which of the following is a recommended policy for industrially advanced countries to adopt to foster economic growth in DVCs?
A. Admitting more temporary workers from DVCs B. Reducing the amount of debt relief for DVCs to make them less dependent C. Eliminating loans from the World Bank because it encourages bureaucracy D. Eliminating financial control of central banks where they have been established