The largest merger in banking and finance history was between
A. Crossland Savings and Metropolitan Savings.
B. Chase Bank and Chemical Bank.
C. Chase Manhattan and J.P. Morgan.
D. Travelers and Citicorp.
D. Travelers and Citicorp.
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If a firm takes the wage as given, then the supply curve of labor to that firm is
A) horizontal. B) vertical. C) upward sloping. D) downward sloping.
If the value of the price elasticity of demand is 0.2, this means that
a. a 20 percent decrease in price causes a 1 percent increase in quantity demanded b. a 0.2 percent decrease in price causes a 1 percent increase in quantity demanded c. a 5 percent decrease in price causes a 1 percent increase in quantity demanded d. a 0.2 percent decrease in price causes a 0.2 percent increase in quantity demanded e. a 100 percent decrease in price causes a 200 percent increase in quantity demanded