Refer to the table. A merger between Firm 2 and Firm 3 in Alpha would be a:
Answer the question on the basis of the following table showing market shares of firms in hypothetical industries. Assume these are distinct industries with no buyer-seller relationships or competition among them.
A. vertical merger.
B. horizontal merger.
C. diagonal merger.
D. conglomerate merger.
B. horizontal merger.
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Measuring expenditures and income with the price level allowed to vary, so that changes in these values represent changes in either the actual amount of goods, services, and income or changes in the price level or a combination of both factors is
denoted in ________ terms. A) nominal B) real C) constant dollar D) all of the above
The exchange-rate arrangement that emerged from the Bretton Woods conference is often referred to as the:
a. dollar exchange standard. b. euro exchange standard. c. gold exchange standard. d. silver exchange standard. e. flexible exchange rate standard.
According to some supporters of the minimum wage, it has very small or even nonexistent negative employment effects because:
A. the demand for minimum wage labor is highly elastic. B. it reduces turnover among minimum wage workers, prompts employers to use them more efficiently, and thus raises their average productivity. C. it encourages teenagers to stay in school. D. employers substitute lower fringe benefits for higher pay, keeping their compensation costs the same.
A summary of a country's economic transactions with foreign residents and governments is called the
A) current account balance. B) financial account balance. C) balance of trade. D) balance of payments.