ECO 365 GUIDE Predictable World / eco365guide.com

20 State what type of business combination is occurring in the following scenario: Golf Smith, a golf supply retailer buys its competitor, Vango golf.

21 According to the text, Microeconomics, Colander (2013), economics is the study of how 22 Oligopoly is characterized by 23 When Ross Perot ran for president as a third party candidate in 1992, he argued that free trade with Mexico would result in massive job losses in the United States because Mexican wages were so low. Which of the following is the best explanation for why few economists agreed with Perot?

24 Refer to the graph shown. The figure shows the demand and supply curves for eggs and shows two equilibrium points, E1 and E2. An increase in demand from D1 to D2 would cause 25 Germany restricts the use of nonrefillable bottles and cans. The European Union argues that the rules aren't just protecting the environment; they also are protecting German beverage makers from competition. The EU sees Germany's environmentalism as _____________________.

26 Oligopoly is probably the best market for technological change because 27 George Davis and Michael Wohlgenant estimate that for every 1 percent increase in the price of Christmas trees, quantity demanded falls by 0.6 percent. The demand for Christmas trees is __________________.

28 State what type of business combination is occurring in the following scenario: A tobacco producer buys a carbonated beverage plant.

29 Suppose the minimum possible price of constructing homes is $50 per square foot. As a result of a sharp drop in the demand for home