Since the end of World War II,

A) tariffs around the world fell substantially.
B) agricultural subsidies were significantly reduced.
C) most nations began to apply tariffs uniformly across all industries.
D) tariffs increased in low-income countries and fell a small percentage in high-income countries.

A

Economics

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A horizontal merger involves

A) the joining of two firms at different stages of the production process. B) the separation of management from ownership. C) the joining of two firms selling similar products. D) the exchange of debt for stock.

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Economic stagnation coupled with high inflation is commonly called:

A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.

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