The floral industry in Rosevalley has a Herfindahl-Hirschman Index of 900. This implies that the flower market in Rosevalley is ________
A) not concentrated
B) moderately concentrated
C) highly concentrated
D) dominated by a few large buyers
A
You might also like to view...
50% of the national income in an economy goes to labor. If this economy has a Cobb-Douglas production function, ________ of its national income should go to capital
A) 50% B) 15% C) 20% D) 30%
Automatic stabilizers are defined as
A) actions taken by an act of Congress to stabilize the economy. B) policy that has no multiplier effects. C) policy that stabilizes without the need for action by the government. D) discretionary policy taken to stabilize the economy. E) actions taken by the President without Congressional consent to stabilize the economy.
If Gary has budget constraint A, and the price of milk is $3 a gallon, what is Gary's income?
This graph shows three different budget constraints: A, B, and C.
A. $9
B. $27
C. $12
D. Cannot answer this without knowing the price of soda.
As price rises, quantity demanded ___________.
Fill in the blank(s) with the appropriate word(s).