To calculate the Herfindahl index,
a. add the market shares of all firms in an industry
b. add the market shares of any four firms in an industry and then square them
c. add the market shares of the four largest firms in an industry
d. square the market shares of all firms in an industry and then add them
e. square the market shares of the four largest firms in an industry and then add them
D
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Points inside the PPF are all
A) unaffordable. B) attainable and have some unemployed resources. C) unattainable and have some unemployed resources. D) attainable and have fully employed resources. E) unattainable and have fully employed resources.
An international organization created at the Bretton Woods conference in 1944 that helps coordinate international financial flows and can arrange short-term loans between countries is called the:
A) World Bank. B) International Monetary Fund. C) U.S. Treasury. D) U.S. Agency for International Development.
Protecting intellectual property rights:
A. always benefits society. B. never benefits society. C. rarely affects society overall. D. is hotly debated as to whether it benefits or costs society overall.
The ability of a firm to charge different customers different prices is called _____
a. price ceiling b. price discrimination c. predatory pricing d. price flooring e. base point pricing