Author Question: The gross domestic product of Solvasa, a small island country, is U.S. 68 billion. The adult ... (Read 45 times)

V@ndy87 · **on:** Jun 30, 2018

The gross domestic product of Solvasa, a small island country, is U.S. 68 billion. The adult population of the country is 8.70 million and 11.3 million citizens are below 18 years of age. The output per capita of Solvasa is approximately equal to _____.
a. 7,800
b. 3,400
c. 6,017
d. 5,201
e. 6,950

Question 2

A horizontal merger is one in which the merging firms:
a. are about the same size.
b. produce the same good in the same industry.
c. will control greater than 50 percent of the market.
d. have never directly competed in the past.
e. will pay twice as much in taxes.