State what type of business combination is occurring
19) State what type of business combination is occurring in the following scenario: IBP meat processing firm
buys American Cattle, a very large cattle ranch.
b) Vertical merger
c) Joint venture
d) Horizontal merger
20) A resource is said to have a comparative advantage if
a) its suitability to the production of one good does not change as it produces more of that good.
b) it is equally suited to the production of all goods.
c) it is better suited to the production of one good than to the production of an alternative good.
d) its suitability to the production of one good changes as it produces more of that good
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