A narrowly defined market will tend to make concentration appear _________, while a broadly defined market will tend to make it appear _________.
A. concerning; less concerning
B. higher; smaller
C. less concerning; concerning
D. smaller; higher
Answer: B. higher; smaller
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Workers earn less than half of the income generated by the production process.
Answer the following statement true (T) or false (F)
The major contribution of goldsmiths to the development of modern banking was
a. local banking. b. market banking. c. fractional reserve banking. d. gold standard banking.
Interest payments on the national debt
A. Have high opportunity costs. B. Do not affect the national debt. C. Make it easier for the government to balance the national budget. D. Are a redistribution of income from taxpayers to bondholders.
The Peruvian economy can be characterized by Equation 24.4.EQUATION 24.4:C = 400 + 0.6YdTaxes = 600Equilibrium Output = $4,000Refer to Equation 24.4. At equilibrium, saving in Peru equals
A. 960. B. 1,440. C. 1,560. D. 2,040.