Which statement is true?
A. Industry X has a higher Herfindahl-Hirschman index than Industry Y.
B. Industry Y has a higher Herfindahl-Hirschman index than Industry Z.
C. Industry Z has a higher Herfindahl-Hirschman index than Industry X.
D. Industries X, Y, and Z have the same Herfindahl-Hirschman index.
C. Industry Z has a higher Herfindahl-Hirschman index than Industry X.
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If firms reduce the rate at which inventories are rising,
A. firms are less likely to reduce production when sales fall. B. fluctuations in GDP are likely to be more dramatic. C. an increase in unplanned inventory investment becomes more likely. D. All of the above will occur if firms reduce the rate at which their inventories accumulate.
Which of the following groups receives the highest wages?
A) high school drop-outs B) college drop-outs C) individuals who complete a bachelor's degree program D) individuals with advanced degrees
In 1964 a certain foreign bank opened a branch in the United States. That branch
A) has always been allowed to underwrite securities. B) has never been allowed to underwrite securities. C) gained the right to underwrite securities by the International Banking Act of 1978. D) lost the right to underwrite securities by the International Banking Act of 1978.
A good with an income elasticity of 2.3 is:
A. a luxury. B. inferior. C. a necessity. D. a complement.