The term "industry concentration":
A) refers to the degree of product differentiation in an industry.
B) is a measure of how many firms produce the total output of an industry.
C) refers to how capital or labor intensive a particular industry is.
D) is a measure of how many customers purchase the total output of an industry.
B
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Since 1970, the U.S. Gini ratio has
A) increased. B) decreased. C) increased and then decreased. D) decreased and then increased.
Having a Social Security program makes people less inclined to save for their own retirement.
A. True B. False C. Uncertain
Which of the following statements is true?
a. A company can manipulate uncontrollable factors to increase the demand for its product b. A company can manipulate uncontrollable factors to increase the supply of its product c. A company cannot manipulate uncontrollable factors to increase the demand for its product d. A company cannot manipulate controllable factors to increase the demand for its product
The effectiveness of direct controls on pollution depends on: (i) the budgets and enthusiasm of the regulatory bodies; (ii) sufficiently strong statutory penalties.
A. i and ii B. i but not ii C. ii but not i D. neither i nor ii