Category: Market

A. vertical merger
B. horizontal merger
C. conglomerate merger
D. hostile takeover

A. Judicial economic statement
B. Positive economic statement
C. Formative economic statement
D. Normative economic statement

A. The price elasticity of supply is + 3
B. The price elasticity of supply is + 0.2
C. The price elasticity of supply is + 2
D. The price elasticity of supply is infinity

A. is the way in which a tax is structured
B. is the ultimate distribution of a tax’s burden
C. occurs when taxes cause prices to increase but wages to fall
D. occurs when house hold can alter their behaviour and do something to avoid paying a tax.

A. private costs, private benefits
B. private costs, social costs or benefits
C. social costs, social benefit
D. insiders, outsiders

A. Private good
B. merit good
C. public good
D. abundant good

A. Act as a signal
B. Act as a incentive
C. Act as a rationing device
D. shift the demand curve

A. reduces the likelihood
B. increases the likelihood
C. guarantees
D. none of the above

A. none of these answers
B. increases the quantity supplied of that good
C. increase the supply of that good
D. decrease the demand for the good
E. decrease the quantity demanded for that good

A. An fall in demand
B. An increase in supply
C. improvements in production technology
D. An increase in demand