The United States is one of the most marketized economies in the world
a. True
b. False
Indicate whether the statement is true or false
True
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In the above figure, the shift in the demand curve from D to D1 can be the result of
A) a decrease in income if pizza is a normal good. B) a decrease in the price of a sub sandwich, a substitute for pizza. C) an increase in the price of soda, a complement to pizza. D) an increase in the number of teenagers, all of whom demand more pizza than do other age groups. E) new technology that increases the profit from producing pizza.
If two goods have a ________ cross-price elasticity of demand, then the antitrust agencies can conclude that the products ________ compete in the same market as strong substitutes.
A) large; do not B) small; do C) zero; do D) large; do
Political business cycles result:
a. from the economic fluctuations that occur when discretionary policy is manipulated for political gain. b. from the recessionary gap that occurs when output falls short of the economy's potential c. from the expansionary gap that occurs when output exceeds the economy's potential. d. when the spending multiplier is manipulated for political gain. e. from the economic fluctuations that occur when automatic stabilizers are manipulated for political gain.
According to the Department of Justice's Horizontal Merger Guidelines, a post-merger HHI ________ is considered ________.
A. below 1,000; low resulting in a high likelihood that a merger will be permitted B. below 1,000; high resulting in high likelihood that a merger will be blocked C. below 1,800; high resulting in high likelihood that a merger will be blocked D. above 1,800; low resulting in a high likelihood that a merger will be permitted