The Herfindahl-Hirschman Index is used to ________
A) measure the price elasticity of demand faced by a firm
B) estimate the degree of competition in an industry
C) measure the price elasticity of market supply in an industry
D) estimate the profit earned by firms in an industry
B
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Which of the following statements about public education is TRUE?
A) Over the last 40 years, there has been an increase in spending for public education, while there has not been a significant increase in performance. B) Over the last 40 years, there has been a decrease in public spending for public education, while there has not been a significant increase in performance. C) Most of the increases in public spending on public education have gone into programs that have increased student learning. D) Over the last 40 years there has been no decline in any of the measures of student performance in public education.
The stockholder-lender conflict generally becomes greater
A) the smaller the firm. B) the larger the firm. C) the more the firm borrows from banks. D) the less the firm borrows from banks.
The price of an asset should:
A. exactly equal the total present value of all of the asset's future payments. B. exactly equal the total future value of all of the asset's future payments. C. approximately equal X(1 + i) t , where X is the value of the asset, i is the interest rate, and t is the number of years. D. exactly equal the total present and future value of all of the asset's future payments.
Suppose that when one person consumes a good, it is possible to provide it to others at no additional cost. Such a good is called
a. nonexcludable. b. nonrivalrous. c. a free good. d. a Clarke good.