The huge wave of conglomerate mergers took place during the decade of the ___________.
Fill in the blank(s) with the appropriate word(s).
1960s
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If diseconomies of scale are present and the firm ________ all its inputs, its output ________
A) doubles; more than doubles B) doubles; less than doubles C) increases; increases by the same percentage D) halves; doubles
Studies of 18th century colonial demographics indicate that
a. the population growth rate of blacks was similar to that of whites. b. migration was the main reason for the growth in the black population. c. the death rate of blacks were much higher than the death rate of whites. d. the birthrate of blacks was much lower than the birthrate of whites.
Suppose Hillary was offered the following choice: Option 1 is to win $10 for sure and Option 2 is to win $20,000 with odds of 1 in 2,000 and otherwise to win nothing. If Hillary is risk averse she
A. will choose Option 1. B. will choose Option 2. C. is indifferent between the two. D. will choose Option 1 or Option 2 with equal probability.
Real GDP is the most effective measure for determining the:
A. Income level per household. B. Change in the price level. C. Standard of living across countries. D. Growth rate of the economy over time.