The U.S. government would never approve a proposed merger between ...

[ereecah]

The U.S. government would never approve a proposed merger between two firms that could significantly increase the newly merged firm's market power even if the efficiency gains from the newly merged firm could make consumers better off.
 
  Indicate whether the statement is true or false

Question 2

Over the last 50 years, has the ratio of household production to gross domestic product in the United States increased or decreased? Consider the effect of the increased number of women working outside the home, and the effect of advances in
 
  technology in household production such as microwaves, coffee makers, power tools, etc.

[todom5090]

Answer to Question 1

FALSE

Answer to Question 2

Household production refers to goods and services people produce for themselves. It is not clear whether the ratio of household production to gross domestic product has increased or decreased. More women working outside the home has decreased the ratio of household production to GDP, but the technological advances at home have allowed people to produce more household production in less time.