An industry in which 5 firms each have a 10 percent market share and 50 firms each have a 1 percent market share will have a Herfindahl index equal to:
A. 1,100.
B. 500.
C. 550.
D. 1,500.
Answer: C
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The IS curve shows the combinations of output and the real interest rate for which
A) the goods market is in equilibrium. B) the labor market is in equilibrium. C) the financial asset market is in equilibrium. D) an increase in output will cause the market-clearing interest rate to be bid up.
Under the rule of reason, no firm with a large market share could be found guilty of violating the Sherman Antitrust Act
a. True b. False
The majority of export in the U.S. come from:
A. capital goods and consumption goods. B. industrial goods and consumption goods. C. capital goods and industrial supplies. D. consumption goods and automotive vehicles.
Which has a greater impact on expanding aggregate demand?