The minimum value of the Herfindahl-Hirschman Index is
A) -100.
B) -1.
C) approximately 0.
D) 1.
C
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A good or service or a resource is nonrival if
A) it is possible to prevent someone from enjoying its benefits. B) it is not possible to prevent someone from enjoying its benefits. C) its use by one person decreases the quantity available for someone else. D) its use by one person does not decrease the quantity available for someone else.
Between 1992 and 2012, the percentage of college students receiving some form of aid
A. increased from 58% to around 84%. B. increased from 8% to 13%. C. decreased from 73% to 58%. D. remained constant at 35%.
Economics is the study of
What will be an ideal response?
What are the net costs of tariffs and quotas on consumption and income distribution?
What will be an ideal response?