An industry with a Herfindahl-Hirschman index of 10,000 would have no more than ______ firm(s).
A. 1
B. 2
C. 5
D. 100
A. 1
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How much is the average propensity to consume when disposable income is $2 trillion?
A. .25
B. .5
C. .75
D. 1.0
Benefits of R&D spending to foreigners may be as much as 1/4 of the total value of the spending
Indicate whether the statement is true or false
The above figure shows the situation of a monopolistic competitor in the short run. The maximum economic profits of the firm equal
A. $30,000. B. $50,000. C. zero. D. 15,000.
Which of the following is an example of an expansionary fiscal policy?
A. the federal government increasing the marginal tax rate on incomes above $200,000 B. the federal government increasing the amount of money spent on public health programs C. the federal government reducing pollution standards to allow firms to produce more output D. the Fed selling government securities in the open market