An industry with a Herfindahl-Hirschman index of 1,000 would have ____ firm(s).
A. 1
B. 10
C. 100
D. 1,000
B. 10
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Once the President submits his budget to Congress, there is little that the members of the House and Senate can do to change the budget
a. True b. False
A problem with the operation of the gold standard in the world economy was that
A) it involved too much government intervention in the economy. B) the world economy was subject to too much inflation. C) a country did not have control of its domestic monetary policy. D) it caused the Great Depression.
A resource is defined to be:
A. something that people respond to. B. anything that can be used to make something of value. C. a good or service. D. something of value.
An essential function for a bank is to
A. Lend all of its deposits. B. Maximize its assets. C. Minimize its reserve ratio. D. Create money through lending.