A merger between McDonald's and Burger King would be called a:
a. horizontal merger.
b. vertical merger.
c. conglomerate merger.
d. cartel.
e. game theory.
a
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A judicial system for resolving disputes creates benefits even for people who never use it because
A) people are compelled to obey court decisions whether they want to or not. B) judicial decisions generate uniform rules, which everyone can count on. C) silence gives consent. D) the social contract entitles everyone to share in the benefits from goods produced by government.
The consumption function shows
a. the relationship between consumption and saving b. the relationship between consumption and real disposable income c. the relationship between consumption and real income d. the relationship between consumption and nominal income e. the relationship between total consumption and consumption for durable goods