Under current guidelines, the Federal Trade Commission will likely challenge
A) all mergers if the Herfindahl-Hirschman index (HHI) is 2500 or higher.
B) a merger if the HHI is 2500 or higher and the merger increases the HHI by more than 200 points.
C) a merger if the HHI is 2500 or higher and the merger increases the HHI by more than 50 points.
D) a merger if the HHI is 1500 or higher and the merger increases the HHI by more than 300 points.
B
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Suppose that in Paraguay, one of the poorest countries in the Americas, only two of the goods that are produced can compete in world markets, tea and DVD players. Given this success in exporting, Paraguay
a. should specialize only in DVD players since tea production is an old industry. b. should specialize in the production of tea, since its people are probably too poor to buy DVD players. c. should stop exporting both goods and produce more food products for its people. d. is better off producing both goods in which it has a comparative advantage, relative to all other goods.
Import restriction in advanced economies deny developing economies access to the food market of the advanced economies. The result is ________ price and ________ farm production in the developing economies
A) lower; larger B) lower; smaller C) higher; smaller D) higher; larger E) stable; smaller
A person's house is part of her
A) money. B) income. C) liabilities. D) wealth.
Costs associated with economic growth include all of the following EXCEPT
A) environmental pollution. B) psychological problems such as depression. C) urban congestion. D) improved health care.