Which of the following assertions, if proven true in a court of law, would help Archer-Daniels-Midland, a maker of corn syrup, in its attempt to acquire another corn syrup producer, the Clinton Corn Processing Company?

A) Archer-Daniels-Midland is a dominant producer of corn syrup.
B) There are no good substitutes for corn syrup for any of its major uses.
C) Archer-Daniels-Midland and the Clinton Corn Processing Company together hold only a small share of the market for sweeteners including corn syrup and sugar.
D) Archer-Daniels-Midland produces many other different agricultural products, in addition to corn syrup.


C

Economics

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________ in the expected future domestic exchange rate causes the demand for domestic assets to ________ and the domestic currency to depreciate, everything else held constant

A) An increase; increase B) An increase; decrease C) A decrease; increase D) A decrease; decrease

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When more and more units of a variable factor are combined with constant amount of a fixed factor, such that the variable factor becomes abundant compared to the fixed factor, the output will eventually:

a. increase at an increasing rate. b. increase at a diminishing rate. c. increase at a constant rate. d. become constant. e. fall to zero.

Economics

Which of the following tends to increase the attractiveness of a retirement system based on savings and investment rather than pay-as-you-go principles?

a. a persistent increase in the number of workers relative to the number of retirees b. a large number of workers relative to the number of retirees c. a reduction in the number of workers relative to the number of retirees d. a persistent increase in the life expectancy of retirees.

Economics

Figure 16-1


In Figure 16-1, there are four levels of income. G is government expenditures and TT is taxes less transfers. Y3 is the full-employment level of income. At Y3

a.
there is an official deficit but a structural budget balance.

b.
there is a structural deficit but an official budget surplus.

c.
the official and structural deficit are in balance.

d.
both the official and structural budgets show a deficit.

Economics