Which of the following is an example of a horizontal merger?
a. the consolidation of marketing, processing and purchasing departments by Armour Meat Company
b. the purchase of E.C. Knight Company by American Sugar Refining Company
c. the purchase of Colorado silver mines by the Tiffany Jewelry Company
d. Federal Steel Company's alliance with American Bridge Company
b. the purchase of E.C. Knight Company by American Sugar Refining Company
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An optimizing economic agent will use the ________ rate while calculating the economic cost of a loan
A) exchange B) nominal interest C) real interest D) tax
The majority of payments made by the federal government are for
A. transfer payments. B. administrative expenses. C. foreign aid. D. defense purchases.
A paint firm has just announced that it will be building a new plant in a small town that is currently experiencing a high level of unemployment. The new plant will create 500 new jobs in the area and will occupy unused land at the edge of town
The plant will also dump some harmful chemicals into the town's river. From an economic standpoint this dumping of chemicals A) is unimportant since the firm is reducing the unemployment in the region. B) creates a negative externality. C) is the production of a public good. D) creates a positive externality.
Waste systems and highways are part of a nation's infrastructure
a. True b. False Indicate whether the statement is true or false