Which statement is true?
A. Industry X is more concentrated than Industry Y.
B. Industry X is more concentrated than Industry Z.
C. Industry Z is more concentrated than Industry X.
D. Industries X, Y, and Z have the same concentration ratio.
B. Industry X is more concentrated than Industry Z.
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Assume consumers eat either rice or pasta for dinner every night. If the price of rice increases, then one would expect to see:
A. an increase in the quantity of pasta demanded. B. a decrease in the demand for pasta. C. a decrease in the quantity of pasta demanded. D. an increase in the demand for pasta.
Suppose the government sets a price floor that is above the equilibrium price for a given good. It can be said that at the price floor,
A) although sellers are selling all of the product that they desire at this price, the consumers are not able to buy all that they desire. B) although consumers are purchasing all of the product that they desire at this price, the sellers are not selling all that they desire. C) both sellers and buyers are satisfied with the quantity that is being exchanged. D) both sellers and buyers are exchanging the equilibrium quantity of this good. E) b and d
The employment rate equals the number of
A) employed persons divided by the number of unemployed persons. B) unemployed persons divided by the civilian non-institutional population. C) employed persons divided by the civilian labor force. D) employed persons divided by the civilian non-institutional population. E) none of the above
Which of the following is not an advantage of starting a new business as a corporation?
A) separation of ownership and business liability B) enhanced ability to raise funds C) ability to share risks D) possibility of double taxation