A conglomerate merger is a combination of
a. firms that formerly competed with each other.
b. firms that formerly bought from and sold to each other.
c. firms that produce nearly identical products, but are based in different countries.
d. firms that produce unrelated products or services.
d. firms that produce unrelated products or services.
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Refer to Figure 26-12. In the dynamic AD-AS model, if the economy is at point A in year 1 and is expected to go to point B in year 2, the Federal Reserve would most likely
A) not change interest rates. B) increase the inflation rate. C) increase interest rates. D) decrease interest rates.
A shift from D1 to D2 causes equilibrium price to __________ and quantity to __________.
A. rise; rise
B. fall; fall
C. rise; fall
D. fall; rise
Your bike is worth $100 and if you park it outside at school there is a 25% chance that it will be stolen. Your utility function for money is U = (M)2. Assume throughout that the bike value and money are interchangeable since you could sell the bike instantly at its value if necessary. Campus security has a bike check in that will guard your bike for $15 so there will be no risk of loss. Do you take the campus security deal?
What will be an ideal response?
A quick strategy used by developing countries to acquire new technology is through
A. imitation. B. innovation. C. tariffs. D. acquisition.