When two firms in an industry become one firm, they are engaged in:

The collection of laws, regulatory measures, and actions concerning a particular topic that originate with some body of government is called

A) fiscal policy. B) public policy. C) private policy. D) antitrust policy.

Classical economists believed that

A) real GDP per person would rise above its subsistence level in the long run. B) real GDP per person would never rise above its subsistence level in the long run. C) the demand for labor increases when the population increases. D) population growth decreases as real GDP per person rises.