The us government can set interest rates by controlling the money supply
Answer the following statement(s) true (T) or false (F)
Answer: False
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The problem of "scarcity" applies
A) only in industrially developed countries because resources are scarce in these countries. B) only in underdeveloped countries because there are few productive resources in these countries. C) only in economic systems that are just beginning to develop because specialized resources are scarce. D) to all economic systems, regardless of their level of development.
If the Herfindahl index is the same in two industries, we can conclude that
a. the number of firms in each industry is the same b. there must not be the same number of firms in the two industries c. the sum of the squared market shares of all firms is the same in the two industries d. there must be an identical distribution of market share among firms in the two industries e. there must be a different distribution of market share among firms in the two industries
Conglomerate mergers are designed to increase market share
Indicate whether the statement is true or false
Which of the following is not a source of inequality in incomes?
a. redistribution of income b. differences in intensity of work c. differences in ability d. risk taking