The ________ the Herfindahl-Hirschman Index (HHI), the ________ the industry
A) higher; less competitive
B) lower; less competitive
C) higher; more firms in
D) lower; more profitable
A
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With the federal funds rate near zero and the economy still struggling, In response to already low interest rates doing little to stimulate the economy, the Fed began buying 10-year Treasury notes and certain mortgage-backed securities to keep
interest rates low. This policy is known as A) quantitative easing. B) securities-bubble deflating. C) contractionary monetary policy. D) inflation targeting.
Which of the following is most likely to be a partnership?
a. Uncle Mort's Red Wrigglers b. the accounting firm of Hope and Williams c. General Motors d. the Boston Symphony Orchestra e. the U.S. Post Office
If a firm is experiencing diminishing marginal returns to labor, which of the following must be true?
a. The first workers the firm hired were better than the workers hired later on. b. The firm is experiencing decreasing returns to scale. c. The positive effect of specialization in production is being offset by the negative effect of crowding of inputs. d. Output is decreasing. e. The firm should buy more nonlabor inputs.
The demand for labor is likely to increase when
a. the supply of the good it produces falls b. the demand for the good it produces rises c. the supply of the good it produces rises d. the demand for the good it produces falls e. the real wage rate rises