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February 27, 2015 

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The answer to question number 37 is?

All of the above.
pi.
26.2 miles.
Ironically, 37.
C.
Beach Boys.

HORIZONTAL MERGER: The consolidation under a single ownership of two separately-owned businesses in the same industry. An example of a horizontal merger would be two soft drink companies merging to form a single firm. A horizontal merger should be contrasted with vertical merger--two firms in different stages of the production of one good, such that the output of one business is the input of the other; and conglomerate merger--two firms in totally, completely separate industries.

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MORAL HAZARD: Moral hazard occurs when a person changes behavior to the detriment of another person, after an agreement has been reached. This is an important information problem with insurance. The problem is that the harmed party does not have information concerning the change in behavior.

     See also | information | insurance | risk | deposit insurance | bank failure | rate of return | government | adverse selection | signalling |


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MORAL HAZARD, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2015. [Accessed: February 27, 2015].


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LONG-RUN PRODUCTION ANALYSIS

An analysis of the production decision made by a firm in the long run. The central characteristic of long-run production analysis is that all inputs under the control of the firm are variable. The central principle guiding production in the long run is returns to scale, which indicates how production responds to proportional changes in all inputs. A contrasting analysis is short-run production analysis.

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APLS

State of the ECONOMY

Real GDP
Third Quarter 2014
$17,599.8 Billion (Annual Rate) Source: BEA
Up 5.0% Final Estimate

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BLUE PLACIDOLA
[What's This?]

Today, you are likely to spend a great deal of time driving to a factory outlet looking to buy either a birthday greeting card for your grandmother or a coffee cup commemorating yesterday. Be on the lookout for high interest rates.
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This isn't me! What am I?

One of the largest markets for gold in the United States is the manufacturing of class rings.
"Believe and act as if it were impossible to fail."

-- Charles F. Kettering

LRAS
Long Run Aggregate Supply
A PEDestrian's Guide
Xtra Credit
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