Under a rule of reason approach, which of the following would be legal in the United States?
a. the merger of two small companies in an unconcentrated market
b. price fixing between IBM and Compaq
c. the merger between Ford and General Motors
d. Kellogg's and General Mills collude to drive Quaker Oats out of the business
e. Exxon Oil and Mobil Oil elect the same person to their boards of directors
A
Economics
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The spending multiplier equals 1/marginal propensity to save if an economy:
a. has a trade surplus. b. is open to international trade. c. does not trade with any other country. d. has a higher level of saving than consumption. e. reduces its investment expenditures to zero.
Economics
Based on the quantity equation, if M = 8,000 . P = 3, and Y = 12,000 . then V =
a. 0.33. b. 2.0. c. 4.5. d. 0.5.
Economics