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Author Question: When an economy is operating efficiently, which is TRUE? A) All resources are fully employed. B) ... (Read 65 times)

sarasara

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on: Jun 29, 2018
When an economy is operating efficiently, which is TRUE?
 
  A) All resources are fully employed.
  B) It would be possible to increase the output of 1 good without decreasing the output of the other.
  C) Resources are not fully employed or current technology is not being fully utilized.
  D) This economy is operating to the right of its production possibilities curve (PPC).

Question 2

A merger between firms that are in the same industry is called a
 
  A) conglomerate merger.
  B) horizontal merger.
  C) vertical merger.
  D) none of the above.


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alexanderhamilton

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


sarasara

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  • Posts: 521
Reply 2 on: Jun 29, 2018
Excellent

frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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