Mergers often increase profit by
A) producing economies of scale.
B) producing economies of scope.
C) increasing efficiency of the firm.
D) All of the above.
D
Economics
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Consumers must understand the law of diminishing marginal utility in order to maximize their satisfaction
a. True b. False
Economics
Insurance:
A. reduces the risks inherent in life. B. increases a person's expected wealth. C. helps individuals avoid certain types of risk. D. None of these statements is true.
Economics
The Fed can raise the discount rate when it wants to:
A. decrease the money supply. B. increase the money supply. C. decrease the budget deficit. D. increase the budget deficit.
Economics
During the U.S. recession of 1980-1982, the unemployment rate reached a high of ________ percent.
A. 7.6 B. 8.8 C. 10.7 D. 22.4
Economics