Economists believe mergers can sometimes achieve greater efficiency than two companies that do not merge

A tax is imposed on employers and workers that are used to fund Social Security and Medicare. This tax is sometimes referred to as

A) the federal income tax. B) the Income Security Tax. C) the payroll tax. D) the ACIF.

University A sets tuition at the equilibrium level based on price and then imposes entrance requirements in the form of minimum high school GPA and SAT scores. Enrollment at this school will likely be

A) at the equilibrium level. B) below the equilibrium level because of the use of non-price rationing devices. C) above the equilibrium level because of the combination of price and the use of non-price rationing devices. D) none of the above