In the Internet search market:
A. Yahoo, Bing, and Google have roughly equal market shares.
B. the Herfindahl index value is 10,000.
C. Google holds about 70 percent of the market, while Bing and Yahoo together comprise
about 28 percent.
D. government subsidies ensure that search engines are provided at no cost to all Internet
users.
Answer: C
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A decrease in wealth would cause the IS curve to
A) shift up and to the right. B) shift down and to the left. C) remain unchanged. D) shift up and to the right only if people face borrowing constraints.
The consumption function relates consumption spending to _____
a. the price level b. interest rates c. disposable income d. expectations about the price level e. household wealth
Suppose the government has a budget deficit of $2 billion. If the Ricardo-Barro effect is correct, then how much crowding out of investment occurs?
A) exactly equal to $2 billion dollars
B) more than $2 billion
C) some crowding out occurs, but less than $2 billion
D) No crowding out occurs and investment does not change.
E) No crowding out occurs because investment increases by $2 billion.
According to the graph shown, at a price of $15, there is a:
A. shortage of 20. B. surplus of 20. C. shortage of 30. D. shortage of 10.