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SPECIAL DRAWING RIGHTS: A system of accounts nations have with International Monetary Fund that are used to settle any balance of payments deficits. In essence, SDRs are simply an international currency that makes it easier to conduct all sorts of international transactions. In decades past, when gold was used as the primary international currency, any balance of payments deficits was paid with gold. However, in 1967 this system of SDRs was established in lieu of sending gold all over the globe.
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Lesson 20: Oligopoly | Unit 3: Behavior
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Page: 13 of 24
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- More on merger.
- A merger is the consolidation of two separately-owned businesses under single ownership.
- A merger among firms in the same industry formalizes cooperation well beyond that of an explicit cartel.
- A merger is the ULTIMATE in cooperation.
- Mergers are common practice among oligopoly firms and don't generally violate antitrust laws.
- To see why, consider the three standard types of mergers.
- Horizontal merger
- Vertical merger
- Conglomerate merger
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DEMAND DECREASE A decrease in the willingness and ability of buyers to purchase a good at the existing price, illustrated by a leftward shift of the demand curve. A decrease in demand is caused by a change in a demand determinant and results in a decrease in equilibrium quantity and a decrease in equilibrium price. A demand decrease is one of two demand shocks to the market. The other is a demand increase.
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BLUE PLACIDOLA
[What's This?]
Today, you are likely to spend a great deal of time flipping through mail order catalogs trying to buy either a graduation present for your niece or nephew or a toaster oven that has convection cooking. Be on the lookout for rusty deck screws.
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Francis Bacon (1561-1626), a champion of the scientific method, died when he caught a severe cold while attempting to preserve a chicken by filling it with snow.
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"The past cannot be changed. The future is yet in your power. " -- Hugh White, U.S. Senator
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NY
Net Yield
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