A merger between firms that compete in the same market is called a:
a. horizontal merger.
b. vertical merger.
c. conglomerate merger.
d. monopoly.
a
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Refer to Figure 9-3. With a quota in place, what is the quantity supplied by domestic producers?
A) 8 million pounds B) 10 million pounds C) 16 million pounds D) 18 million pounds
All of the following would increase the natural rate of unemployment EXCEPT
A) union activity restricts the mobility of labor. B) government licensing of teachers restricts employment. C) a mismatch of skills and jobs. D) a downturn in the economy.
The first federal antitrust law was the:
a. Clayton Act. b. Federal Trade Commission Act. c. Sherman Antitrust Act. d. Interstate Commerce Act.
Differences in human capital are likely to
a. be unrelated to wage rate differences across gender classifications, since both men and women are required to complete requirements for a high school diploma. b. be most helpful in explaining age discrimination, but unhelpful in explaining race discrimination. c. explain some of the differences in average wage rates across age classifications. d. explain all of the differences in average wage rates across gender classifications.