If the Herfindahl-Hirschman Index of an industry is less than 1,000, then the Antitrust Division of the Justice Department
A. considers the industry unconcentrated.
B. will challenge any merger that would increase the index by over 100 points.
C. considers the industry already concentrated.
D. will challenge any merger that raises the index by more than 50 points.
Answer: A
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Which of the following statements is true?
A) A bar chart can only be used to represent independent variables. B) A bar chart does not allow for the comparison of a single variable across many segments. C) A bar chart has many limitations in comparison to pie charts. D) A bar chart indicates the frequency of a variable by using rectangles of different heights or lengths.
Within the IS-LM curve model, if the government cut taxes at the same time that there was an autonomous increase in investment demand, then
a. income would rise and the interest rate would fall. b. income and the interest rate would rise. c. income would rise but the effect on the interest rate is uncertain. d. the interest rate would rise but the effect on income is uncertain. e. the effects on both income and the interest rate are uncertain.
According to the graph shown, if this economy were to open to free trade, the domestic quantity demanded would be:
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. 250.
B. 500.
C. 1150.
D. 1500
Willis knows that the price of real estate in his city will rise significantly in a few years because many multi-national companies are setting up new offices. He decides to invest a major portion of his income in buying real estate now. This is an example of _____
a. absolute advantage b. rational expectations c. adaptive expectations d. sticky wages