The recent merger of Southwest Bell (SBC) and AT&T companies is an example of a
A) horizontal merger.
B) vertical merger.
C) consolidation merger.
D) cooperative merger.
A
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When statisticians fail to take into account improvements in the quality of goods and services, the CPI will tend to ________ the rate of inflation.
A. understate B. be unrelated to C. precisely measure D. overstate
Which of the following curves is not U-shaped?
A) average variable cost curve B) average fixed cost curve C) average total cost curve D) marginal cost curve
A nation’s standard of living depends on its population and labor productivity.
Answer the following statement true (T) or false (F)
After a tax is placed on a good or service, which of the following does NOT occur?
A. The total volume of sales of the good or service increases. B. Buyers pay more for the good or service. C. Sellers receive less when they produce and sell the good or service. D. Government revenues decrease.