A group of producers that agree to coordinate their production is called a
A. vertical merger.
B. monopoly.
C. free market competition.
D. cartel.
Answer: D
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The square of the percentage market share of each firm summed over the 50 largest firms in a market is the
A) elasticity of demand value. B) elasticity of supply value. C) Herfindahl-Hirschman Index. D) four-firm concentration ratio. E) fifty-firm concentration ratio.
What are the effects of two independent variables that are highly correlated? What can be done to remedy the problem?
What will be an ideal response?
A corporation with "plowback"
a. deliberately earns negative profit on some activities in order to get better tax treatment. b. buys back shares of its stock from shareholders. c. retains some of its earnings for investment. d. issues unsecured stock.
Economists feel that taxing nominal capital gains imposes costs on the economy due to
a. increased consumption. b. reduced consumption. c. increased investment. d. reduced investment.