The four-firm concentration ratio equals the percentage of the value of ________ accounted for by the four ________ firms in the industry
A) sales; smallest
B) profits; smallest
C) sales; largest
D) profits; largest
C
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If the government uses its budget surplus to finance additional government purchases or tax cuts, crowding out will
A. not occur. B. occur to a greater degree. C. still occur, but to a lesser degree. D. occur more rapidly.
Use the following table of U.S. balance of payments accounts to answer the next question.Current AccountFinancial AccountCapital AccountCreditDebitCreditDebitCreditDebit$45 billion$60 billion$72 billion$52 billion$7 billion$12 billionSuppose the U.S. exports $10 billion of coal to France. Which of the following statements is true?
A. The increase in the financial account credit of $10 billion will reduce the capital account credit by $2 billion and the current account credit by $8 billion. B. The increase in the capital account debit of $10 billion will increase the financial account debit by $10 billion as well. C. The increase in the current account debit of $10 billion will be offset by an increase in the capital account of $10 billion. D. The increase in the current account credit causes an increase in the financial and capital account surpluses of $5 billion each.
An increasing cost industry is one in which per unit cost increases as output expands in the long run
a. True b. False
Describe the different types of internal shocks to an economy, and link them to the curves in the Mundell-Fleming model.
What will be an ideal response?