If Verizon Wireless and T-mobile, another wireless service company, were to merge, this would represent
A. a cartel.
B. an up-and-down merger.
C. a vertical merger.
D. a horizontal merger.
Answer: D
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Economic theory is a necessity, not a luxury. This statement is true because theory
A. always leads to practical and useful policy. B. can prevent depressions in the economy. C. substitutes for vast amounts of data. D. provides a structure for organizing and analyzing data. E. always leads to accurate predictions.
How are net exports and the government sector balance linked?
What will be an ideal response?
Which of the following positions would a mercantilist support?
a. Trade in manufacturing goods is good for the US. b. Imports to the U.S. from Japan are beneficial to the U.S. c. Exports from Japan to the U.K. are beneficial to Japan. d. Movement of labor from UK to US is beneficial to US.
Exhibit 5-7 Demand curve for concert tickets
?
In Exhibit 5-7, if promoters raise their prices from $10 to $40 per ticket, then their total revenue will:
A. increase because demand is inelastic in this price range. B. increase because demand is elastic in this price range. C. decrease because demand is inelastic in this price range. D. decrease because demand is elastic in this price range.