As the Federal Trade Commission currently interprets the Herfindahl-Hirschman index (HHI), an industry is considered to be highly concentrated if the HHI value is above
A) 100.
B) 1,000.
C) 2,500.
D) 5,000.
C
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The total of all planned expenditures in the entire economy is
A) aggregate supply. B) LRAS. C) aggregate demand. D) the open economy effect.
The financial crisis that began in late 2007 ended which era?
A. The Great Recovery B. The Golden era C. The Great Moderation D. The Great Recession
Hudson Manufacturing is an MNE based in the United States with operations in Asia. The firm is considering expansion into the European Union. Which of the following questions is most relevant to the decision?
A) What is the primary language of most workers? B) Which country has the best production location? C) Which currency has the most favorable value of the euro? D) Which country has the lowest tariffs for manufactured products?
What is meant by economist Paul Romer’s statement that “Economic growth springs from better recipes, not just from more cooking”? Better recipes ______.
a. are the result of better education and training b. lead to innovation and permanent change c. provide quality rather than quantity d. require assistance and collaboration