The more firms in an industry and the more equal their size, the larger the HHI
Indicate whether the statement is true or false
false
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If a monopoly can produce a good at zero marginal cost, then its Lerner Index is
A) zero. B) one. C) infinity. D) undetermined.
An autoregression is a regression
A) of a dependent variable on lags of regressors. B) that allows for the errors to be correlated. C) model that relates a time series variable to its past values. D) to predict sales in a certain industry.
One basic way to boost the nation's growth rate is to
a. increase wages paid to labor. b. slow the rate of technical progress. c. reduce the population growth rate. d. accumulate more capital
You earn $500 a month, currently have $200 in currency, $100 in your checking account, $2,000 in your savings accounts, $3,000 worth of illiquid assets and $1,000 of debt. Using the M1 measure of money, you have
A) money = $2,300, annual income = $6,000, and wealth = $5,000. B) money = $300, annual income = $6,000, and wealth = $4,300. C) money = $200, annual income = $500, and wealth = $4,300. D) money = $300, annual income = $6,000, and wealth = $5,000.