Competition in an industry increases if two firms in the industry combine into one in a merger
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
In 1997, OPEC ministers agreed to a 10 percent increase in oil production. This decision should be expected then to shift the United States's a. AS curve to the right, which would raise the U.S. price level and lower real GDP in the U.S. b. AS curve to the right, which would lower the U.S. price level and raise real GDP in the U.S. c. AS curve to the left, which would lower the U.S. price
level and raise real GDP in the U.S. d. AD curve to the left, which would lower the U.S. price level and real GDP e. AD curve to the right, which would raise the U.S. price level and real GDP
Suppose the government wants to encourage Americans to exercise more, so it imposes a binding price ceiling on the market for in-home treadmills. As a result,
a. the demand for treadmills will increase. b. the supply of treadmills will decrease. c. a shortage of treadmills will develop. d. All of the above are correct.
Internal Controls
What will be an ideal response?
An increase in the market interest rate, other things equal, will _____
Fill in the blank(s) with the appropriate word(s).