For which pair of firms would a merger be horizontal?
a. Avis Rentals and United Airlines
b. Rawlings and Nike
c. Barnes and Noble and Wordsworth Booksellers
d. Starbucks and Baskin and Robbins
e. Samuel Adams and Samsonite
c
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Wealth is
A) equivalent to saving. B) another name for income. C) the same as investment in financial capital. D) defined as the money in your savings account. E) the value of all the things that a person owns.
The provision of a legal system is an important economic function of the government because
A) lawyers and judges tend to be high-income people. B) people need to feel safe when they go to work. C) the legal system affects how exchange takes place through its enforcement of contracts. D) the legal system affects the distribution of income through its awarding of damages in accident claims.