If Verizon Wireless and T-mobile, another wireless service company, were to merge, this would represent
A) a vertical merger.
B) a horizontal merger.
C) a cartel.
D) an up-and-down merger.
B
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The gold standard probably made the Great Depression more severe in the United States because
A) the value of gold declined sharply during those years. B) the existence of the gold standard kept prices from falling. C) the money supply in the United States increased rapidly as gold flowed into the country. D) the Fed attempted to reduce gold outflows by raising the discount rate.
When the Sarbanes-Oxley Act that established new accounting rules was passed, analysts suggested that the new rules would not improve protections for the investing public, but it would result in more work for accountants. If the professors are right, these regulations are an example of:
A. comparative advantage. B. laissez faire. C. demerit goods. D. government failure.
The demand curve facing a firm is also the firm’s
A. total utility curve. B. average revenue curve. C. average utility curve. D. total revenue curve.
Best guesses of an event occurring in the future are based on
A) estimates derived from the frequency of the event occurring in the past. B) coin flips. C) subjective probability. D) the wisdom of crowds.