There are many industries in the United States where only a few firms compete. These industries
a. have low Herfindahl-Hirschman Indexes
b. are considered to be oligopolies
c. are considered to be monopolistically competitive
d. have four-firm concentration ratios that approach zero
e. all practice price leadership
B
You might also like to view...
The Trans-Pacific Partnership (TPP) is an agreement between the United States and ________ that was meant to reduce trade barriers
A) South America B) the European Union C) China D) eleven other countries
If a customs union leads to a large amount of trade creation relative to trade diversion, it may be beneficial to world welfare
Indicate whether the statement is true or false
Assume that the central bank purchases government securities in the open market. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables. b. The quantity of real loanable funds per time period rises, and reserve-related (central bank) transactions remains the same. c. The quantity of real loanable funds per time period rises, and reserve-related (central bank) transactions become more positive (or less negative). d. The quantity of real loanable funds per time period falls, and reserve-related (central bank) transactions become more negative (or less positive). e. The quantity of real loanable funds per time period and reserve-related (central bank) transactions remain the same.
From the 1950s to the 2010s, transfer payments' share of GDP
A. remained fairly steady. B. steadily decreased. C. steadily increased. D. increased during Democratic administrations and decreased during Republican administrations.