Which of the following is an example of a vertical merger?
A) Northeastern Illinois University merging with McDonald's.
B) Northeastern Illinois University merging with a training academy for new professors.
C) Northeastern Illinois University merging with Roosevelt University.
D) Northeastern Illinois University going from a public to a private university.
B
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P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. 
Suppose QRS-TV enters into an agreement with P-TV that gives QRS-TV the exclusive right to air a reality show during this time slot. QRS-TV would be willing to pay P-TV ________ in order to persuade P-TV to enter into this agreement.
A. no more than $5 million B. no more than $10 million C. more than $10 million D. nothing
What does GDP measure, and what is the formula for calculating GDP using the expenditures approach?
What will be an ideal response?
In the case of externalities, government can use taxes and subsidies to turn an inefficient outcome into an efficient outcome.
Answer the following statement true (T) or false (F)
The cost, c, of a college education that serves only as a signal of a high-quality worker is $10,000. The wage of a known high-quality worker, wh, is $30,000. The wage for a known low-quality worker, wl, is $10,000
For what value of the share of the work force that is of high quality, s, is a pooling equilibrium possible? A) s > 0.5 B) s = 0 C) s = 0.25 D) s < 0.45