A merger between an auto manufacturer and a steel mill would result in which of the following?
a. A conglomerate merger.
b. A vertical merger.
c. A horizontal merger.
d. A monopoly merger.
b
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When considering the change to the money demand curve, if the interest rate rises, the quantity demanded is:
A. lower, moving rightward along the money demand curve. B. lower, moving leftward along the money demand curve. C. higher, moving leftward along the money demand curve. D. higher, moving rightward along the money demand curve.
The recurrent ups and downs in the level of economic activity extending over several years are referred to as:
A. Economic phases B. Business startups C. Business cycles D. Noncyclical fluctuations
Slope is calculated as the
A) change in the vertical variable. B) change in the vertical variable divided by the change in the horizontal variable. C) change in the horizontal variable divided by the change in the vertical variable. D) the vertical axis divided by the horizontal axis.
Economists classify energy and water as part of which factor of production?
A) land B) labor C) capital D) entrepreneurship E) land if undeveloped and capital if developed