If the price of bread were zero, a budget line between bread (on the vertical axis) and cheese (on the horizontal axis) would
a. not exist
b. be vertical
c. coincide with the vertical axis
d. be horizontal
e. coincide with the horizontal axis
B
Economics
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Which of the following statements is true?
a. The Federal Reserve System was established by the U.S. Constitution b. The Federal Reserve System was established immediately after the Civil War. c. The Federal Reserve System was established in 1913. d. The Federal Reserve System was established during the Great Depression. e. The Federal Reserve System was established immediately following World War II.
Economics
A merger of firms with a supplier is a:
a. vertical merger. b. conglomerate merger. c. monopoly merger. d. horizontal merger.
Economics