The South's economy was based on production of
A. iron, steel and textiles.
B. corn, wheat and soybeans.
C. tobacco, cotton and rice.
D. iron, wheat and cotton.
C. tobacco, cotton and rice.
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Identify the type of merger in each of the following situations and indicate how the post-merger concentration ratio for the industry is affected
a. A steel company merges with a coal and iron ore mining company.b. Staples, a retailer of office supplies, acquires Office Depot, another retailer of office supplies.c. An oil company merges with pipeline, shipping, and railroad companies as well as refineries and gas stations.
The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.