The reason for the merger of two businesses that sell unrelated goods but can share business practices and sales forces might best be explained by:

A. economies of scale.
B. economies of scope.
C. learning by doing.
D. indivisible costs.

Answer: B

Economics

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Macroeconomists are distinguished from microeconomists because macroeconomists are more interested in

a. inflation and unemployment than in individual markets. b. large corporations rather than small businesses. c. inflation in the United States rather than inflation in Costa Rica. d. the demand for oil rather than the demand for corn.

Economics

Macroeconomists think that

a. most questions about individual markets are more important than the overall economy. b. questions of overall unemployment are less important than the jobs of particular workers. c. the details of resource allocation and individual market prices are less important than the amount of national output. d. the causes of unemployment usually lie with the personalities of individual workers. e. the price of particular products is more important than the overall price level.

Economics