Conglomerate mergers are combinations of:
A. Many small firms
B. Firms producing the same product
C. Firms producing unrelated products
D. Firms operating at different stages in a given production process
C. Firms producing unrelated products
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What is the good or service is given the most weight in the CPI?
A) housing B) apparel C) recreation D) food and beverages E) transportation
If the Chinese constructed their national income accounts the way we do in the United States, then it would not include
a. compensation of employees of the Chinese government b. rent earned by Chinese private landowners c. corporate profit earned by the China Energy Corporation d. the purchase of housing in the Chinese capital, Beijing e. royalties earned by a Chinese poet on her new publication The East Is Red