Refer to the data. Suppose that firms in this industry split up such that there were 100 firms, each with a one percent market share. The four-firm concentration ratio and the Herfindahl index respectively would be:
A. 100 percent and 10,000.
B. 4 percent and 4.
C. 100 percent and 16.
D. 4 percent and 100.
D. 4 percent and 100.
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In the destination country, who tends to lose from labor immigration?
A. The migrant workers B. The labor unions C. The consumers D. The firms
The most commonly used price index to track changes in prices for the typical household in the U.S. is:
A. producer price index. B. retail price index. C. consumer price index. D. average price index.
Deficit spending boosts aggregate demand.
Answer the following statement true (T) or false (F)
If a Cournot duopolist announced that it will double its output,
A) it becomes the leader. B) the other firm does not view the announcement as credible. C) the other firm will shut down. D) the other firm will double output also.