Which of the following is an example of a vertical merger?
A) Northwestern Idaho University merging with McDonald's.
B) Northwestern Idaho University merging with a training academy for new professors.
C) Northwestern Idaho University merging with Roosevelt University.
D) Northwestern Idaho University going from a public to a private university.
Answer: B
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Perfect price discrimination occurs when:
A) a firm charges wealthier buyers a lower price. B) a firm charges each buyer exactly their willingness to pay. C) a firm charges the same buyer different prices at different points of time. D) a firm charges different buyers according to the characteristic of their purchase.
If you take out a mortgage with a nominal interest rate of 8% and you expect the inflation rate to be 2%, but the actual inflation rate turns out to be 8%, then you end up paying a real interest rate of
A) 0%. B) 1%. C) 2%. D) 6%.