Consider the Allocation of a Nation's Resources Between Additional Public-

question 81

Multiple Choice

Consider the allocation of a nation's resources between additional public- sector spending versus additional private spending.John Kenneth Galbraith argued that

• A)compared to public spending,private spending leads to more sustained long- run economic growth.
• B)compared to private spending,public spending leads to more sustained long- run economic growth.
• C)public sector spending is always subject to corruption and is therefore not as valuable as private spending.
• D)the marginal utility of an additional dollar's worth of spending on public goods is higher than an additional dollar's worth of spending on private goods.
• E)the value of the marginal dollar spent by government is less than the value of that dollar left in the hands of households or firms.

Understand the concept of synergy in mergers and acquisitions.

Identify the financial and strategic motives behind leveraged buyouts and going-private transactions.

Recognize the methods and strategies used for revenue enhancement and cost reduction in acquisitions.

Understand the implications of mergers and acquisitions for shareholders and management.

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