What is the 4-firm concentration ratio of an industry with 25 firms each having an equal market share?
a. .16.
b. .24.
c. .20.
d. .12.
a
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The investment demand curve shows the amount businesses spend for investment goods at different possible:
a. price levels. b. levels of GDP. c. rates of interest. d. levels of taxation.
Demand is said to be __________ when the quantity demanded changes at the same proportion as the price.
a. elastic b. unit elastic c. inelastic d. independent
The continued position of the United States as the world's economic leader is:
a. assured b. predictable c. automatic d. uncertain
During 1980-2005, the developing countries that moved most rapidly toward economic freedom
a. achieved higher rates of economic growth, but the reductions in their poverty rates were smaller than those for countries that were less free. b. grew less rapidly, but the reductions in the poverty rates were greater than those achieved in countries that were less free. c. experienced both slower rates of economic growth and smaller reductions in poverty rates than countries that were less free. d. experienced both more rapid rates of economic growth and larger reductions in poverty rates than countries that were less free.