Price floors in agriculture lead to
A) efficient farming techniques being employed.
B) surpluses of supported farm products.
C) more competition in farming.
D) the most efficient market solution.
Answer: B
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The merger of two daily New York City newspapers would be an example of a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
The natural unemployment rate is ________ unemployment rates
A) the sum of the turnover and cyclical B) the sum of the turnover and mismatch C) the sum of the structural and cyclical D) the sum of the structural, cyclical, and frictional E) the cyclical minus the mismatch
The advantage of an isoelastic demand curve is that:
A. both price and income elasticities are constant along the curve. B. income elasticity is constant and price elasticity changes along the curve. C. price elasticity is constant and income elasticity changes along the curve. D. both price and income elasticity change along the curve.
Recession is to depression as expansion is to ______.
a. the business cycle b. contraction c. a trough d. a boom