Based on the rule of 72, it would require 18 years for an economy to double its real output if the annual growth rate was 4%

Katie wanted to buy a new car. However, she could not decide on a model that suited her needs and was affordable at the same time

She finally decided to buy a Porsche when she learned that two of her colleagues had bought them, although its price exceeded the money she had saved for her car. Explain her behavior.

Which of the following is an example of a horizontal merger?

a. the consolidation of marketing, processing and purchasing departments by Armour Meat Company b. the purchase of E.C. Knight Company by American Sugar Refining Company c. the purchase of Colorado silver mines by the Tiffany Jewelry Company d. Federal Steel Company's alliance with American Bridge Company