The purchase of Michelin Tire Company by General Motors is an example of a horizontal merger

In his 1951 book, Social Choice and Individual Values, Kenneth Arrow used the term "transitivity" to mean

a. A beats B only if everyone prefers A to B. b. if everyone prefers A to B, then A beats B. c. if A beats B and B beats C, then A must beat C. d. everyone who is eligible to vote must vote; otherwise, the outcome is invalid.

In an effort to stop the U.S. recession of 2007-2009, the federal government:

A. reduced taxes and increased government spending. B. imposed large tariffs on many imported goods to protect domestic jobs. C. raised interest rates to encourage greater business investment. D. avoided Keynesian policies because of the threat of inflation.