The Herfindahl-Hirschman index is a measure of
A) the profit margin of an industry.
B) market size.
C) the degree of collusion among firms in a market.
D) the degree of concentration among firms in a market.
Answer: D
You might also like to view...
When an individual is frictionally unemployed, the unemployment arises in part from
A) a short-term elimination of jobs because of a slowdown in business activity. B) individuals searching for appropriate employment. C) the permanent elimination of jobs because of a change in the structure of the economy. D) a reduction in the overall demand for workers' skills.
The tax cut of 2009 had little significant effect on consumer spending because it
a. was not large enough. b. was perceived as temporary. c. came too early in the year. d. was subtracted from 2008 taxes due.
Suppose a credit union strives for a 3% real return on its loans to members, and expects a 2% inflation rate. What nominal rate of interest should it charge its members?
A) 0% B) 1% C) 3% D) 6%
Which of the following is not evidence of the lower standard of living among less- developed countries?
a. high per capita income b. high death rates c. high infant mortality rate d. low life expectancy e. high birth rate