There are two major Internet service providers in Eduland. One company has a market share of 60% and the other firm has a market share of 40%. The Herfindahl-Hirschman Index for this industry is ________
A) 100,000
B) 1,200
C) 5,200
D) 100
C
Economics
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If the economy is operating at a point at which short-run aggregate supply is horizontal, then
A) real GDP cannot expand. B) real GDP cannot contract. C) increases in aggregate demand do not increase the price level. D) then increases in aggregate demand do not increase real GDP.
Economics
Why are the net benefits of a LoJack installation in a car considered to be positive for the society as a whole?
Economics
The second largest source of income for the federal budget is
A. personal income taxes. B. corporate income taxes. C. payroll taxes. D. inheritance taxes.
Economics
If potential output exceeds actual output, the aggregate demand curve shifts downward over time.
Answer the following statement true (T) or false (F)
Economics