Charlston, a newly industrialized country, has a female population of 2.8 million. There are 1.08 million employed males in the country, while the number of dependent males is equal to 1.52 million. The GDP of Charlston is U.S. 298 billion. The output per capita of Charlston is approximately equal to _____.
a. 275,925
b. 55,185
c. 196,035
d. 275,955
e. 79,810
QUESTION 2A merger between two firms that have a supplier-purchaser relationship is:
a. horizontal.
b. vertical.
c. conglomerate.
d. illegal.
e. inefficient.
QUESTION 3Which of the following statements is true of open-market operations?
a. Open-market operations involve clearing checks.
b. Open-market operations involve lending money to member banks.
c. Open-market operations involve accepting deposits from member banks.
d. Open-market operations involve the Fed's purchase and sale of government securities.
e. Open-market operations involve the Fed's purchase and sale of foreign exchange.
QUESTION 4The 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 5A 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.
QUESTION 6To minimize the effect of short-term political pressure on the Fed's Board of Governors, the governors are all appointed to their terms:
a. in different years, and their terms are long.
b. in different years, and their terms are short.
c. in the same year, and their terms are long.
d. in the same year, and their terms are short.
e. in the same year, and their terms are shorter than that of the chairman of the Federal Reserve Board.
QUESTION 7Which of the following countries has the highest output per capita?
a. The United Kingdom
b. The United States
c. France
d. Italy
e. Germany
QUESTION 8A merger between McDonald's and Burger King would be called a:
a. horizontal merger.
b. vertical merger.
c. conglomerate merger.
d. cartel.
e. game theory.
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