Which of the following measures market power?
A. Lerner index and Rothschild index.
B. Rothschild index.
C. Lerner index.
D. Herfindahl-Hirschman index.
Answer: A
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Statistical evidence suggests that
A) free trade policies promote economic growth more effectively than do import substitution policies. B) import substituting policies tend to promote effective exploitation of scale economies. C) import substitution tends to lead to relatively low effective rates of protection. D) import substitution is to this day the preferred growth strategy promoted by the World Bank. E) import substitution proved to be the most effective aid for developing countries before 1970.
If the price of 1 peso in dollars is 10 cents, the price of 1 dollar in pesos is
a. 10 pesos. b. 1 peso. c. 10 centavos. d. 100 pesos.
Both the production of goods and services and the unemployment rate are used to measure
a. the business cycle. b. productivity. c. the interest rate. d. inflation.
Allied Business Consultants employs five researchers that each work 8 hour days. In one day the researchers prepared 10 reports for its 2 largest clients. What was Allied Business Consultants' productivity?
a. 10 reports b. 5 reports per client c. 1.25 reports per hour d. 1/4 report per hour