Trade barriers are forms of protection that shield some sector of the economy from foreign competition.
Answer the following statement true (T) or false (F)
True
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Discuss the advantages of the Herfindahl-Hirschman Index compared with the four-firm concentration ratio.
What will be an ideal response?
If marginal cost is rising, what must be happening?
a. Average variable cost must be falling. b. Marginal product must be falling. c. Marginal product must be rising. d. Average fixed cost must be rising.
Suppose that Fly-By-Night Airlines, Inc. has a return of 5% twenty percent of the time and 0% the rest of the time. The expected return from Fly-By-Night is:
A. 1.0%. B. 0.1%. C. 10%. D. 0.2%.
If Dell, a computer company, is determining whether to build a new plant in Texas or in New Mexico, it is making a(n) ________ decision.
A. short-run B. immediate-run C. long-run D. variable-input