The rate of new entry into an industry is independent of the industry's concentration
Indicate whether the statement is true or false
F A high rate of entry brings new small firms into an industry regularly and contributes to a low level of concentration; a low rate of entry allows successful firms to grow larger and may lead to high concentration.
You might also like to view...
With a tax of $4,000 on $24,000 taxable income, the average tax rate is
A. 16.67%. B. 23.45%. C. 20%. D. 25%.
All else held constant, the international value of foreign currencies will increase against the U.S. dollar if ________.
A. U.S. citizens reduce spending on imports B. there are withdrawals of funds by foreigners from U.S. money markets C. there is an increase in the number of foreign tourists in the United States D. the U.S. Federal Reserve raises real interest rates
Which of the following statements is true of the number of entrepreneurs in an economy?
A) The number of entrepreneurs is likely to be higher in an economy with inclusive institutions than in an economy with extractive institutions. B) The number of entrepreneurs is likely to be higher in a command economy than in a market economy. C) The number of entrepreneurs is likely to be the same in an economy with inclusive institutions and an economy with extractive institutions. D) The number of entrepreneurs is likely to be the same in a command economy and a market economy.
_____ helps Congress evaluate the president's budget
a. The Treasury Department b. The Office of Management and Budget c. The Congressional Budget Office d. The Joint Economic Committee