Author Question: Vertical integration is a. the expansion of a firm into earlier or later stages of production b. ... (Read 54 times)

c0205847 · **on:** Jun 30, 2018

Vertical integration is
a. the expansion of a firm into earlier or later stages of production
b. an attempt by a firm to allow market prices to coordinate more transactions
c. an attempt by a firm to minimize shirking
d. an attempt by a firm to minimize the need to coordinate transactions within its boundaries
e. a way for a firm to accumulate information about its competitors

Question 2

Contractionary policies help correct a balance of payments deficit by
a. lowering domestic incomes but raising demand for imports
b. raising domestic incomes but lowering demand for imports
c. raising both domestic incomes and demand for imports
d. lowering both domestic incomes and demand for imports
e. lowering interest rates and increasing aggregate spending