A takeover implies that
a. the common shareholders buy out the bondholders
b. the government takes over the corporation
c. someone or a group is able to purchase all of the outstanding common stock in a corporation
d. the board of directors takes control of the corporation
e. a proprietorship sells out to a partnership
C
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Quotas and tariffs discourage foreign governments from retaliating with quotas and tariffs of their own
a. True b. False
Suppose that the quantity of hamburgers is measured along the vertical axis and that the quantity of popcorn is measured along the horizontal axis. The vertical intercept is 10 hamburgers, and the slope of the budget line is -2. If the price of popcorn
falls from $1 to $0.50, then we know that A) the vertical intercept shifts to 20 hamburgers. B) the vertical intercept shifts to 5 hamburgers. C) the horizontal intercept shifts to 10 bags of popcorn. D) the horizontal intercept shifts to 20 bags of popcorn.