Democracy tends to push politicians toward the ideal point of the ______ voter.
A. median
B. first
C. final
D. representative
Answer: A. median
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The table above shows sales of the firms in the chocolate industry. The four-firm concentration ratio in the industry is
A) 52 percent. B) 65 percent. C) 72 percent. D) 80 percent.
With regard to transition economies what is meant by shock therapy?
What will be an ideal response?
According to current Justice Department guidelines, mergers in an industry are seldom challenged if the industry
a. would have a postmerger Herfindahl index greater than 1,800 b. would have a postmerger Herfindahl index less than 1,000 c. has a premerger Herfindahl index greater than 1,800 d. has a premerger Herfindahl index less than 1,000 e. has a premerger Herfindahl index equal to 10,000
The principal objective of the Federal Reserve System is to
a. circulate coins and paper Federal Reserve Notes. b. subsidize the income of member banks. c. help stabilize the economy through monetary policy. d. make profits to remit to the Treasury Department.