Biology Forums - Study Force

A merger of firms that compete in the same market is classified as a conglomerate merger.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

Basic research has less immediate payoff to society.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 3

Interest rate ceilings resulted in great profitability for banks in the 1970s.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

The purchase of Michelin Tire Company by General Motors is an example of a vertical merger.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 5

In the long run, the economy needs applied research geared toward specific products more than it needs basic research, which is not motivated by or directed toward manufacturing.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 6

Thousands of U.S. banks failed in the 1930s because the Fed loaned too many reserves to member banks.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 7

The per se rule would have not found a well-behaved, but gigantic, firm to be in violation of the antitrust laws.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 8

Workers displaced due to technological change usually find it difficult to get new jobs.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 9

Many banks in the U.S. failed in the 1930s, not because they were poorly managed, but because they could not survive the panicky withdrawal of funds by their depositors.
 a. True
  b. False
  Indicate whether the statement is true or false

[Answer to ques. #1]  FALSE

[Answer to ques. #2]  TRUE

[Answer to ques. #3]  FALSE

[Answer to ques. #4]  TRUE

[Answer to ques. #5]  FALSE

[Answer to ques. #6]  FALSE

[Answer to ques. #7]  FALSE

[Answer to ques. #8]  FALSE

[Answer to ques. #9]  TRUE

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