Antitrust risks from vertical integration are usually ______than those from horizontal integration
a. Higher
b. Lower
c. About the same as
d. None of the above
b
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The considerable rise of manufacturing in the last half of the 19th century has become known as
a. the Great Leap Forward. b. the Industrial Revolution. c. the Second Industrial Revolution. d. the Ascendancy of Manufactures.
When the money supply decreases
a. interest rates fall and so aggregate demand shifts right. b. interest rates fall and so aggregate demand shifts left. c. interest rates rise and so aggregate demand shifts right. d. interest rates rise and so aggregate demand shifts left.
The term ‘u' in an econometric model is usually referred to as the _____.
A. error term B. parameter C. hypothesis D. dependent variable
If business leaders expect the new Congress to lower the corporate profits tax, most likely this will cause business firms, ceteris paribus, to
A. plan to decrease investment in the future to compensate for the lower tax rate. B. increase investment because the lower corporate profits tax will increase the return on any investment. C. decrease investment because they would expect lower benefits from investment. D. not change their investment plans because lower corporate profit taxes will not change the demand for their product.