What is a four-firm concentration ratio, and how is it used?
What will be an ideal response?
A four firm concentration ratio is the sum of the market shares of the four largest firms in an industry. It is a measure of market power.
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Disappointed with problems caused by being a recipient of foreign aid from donor governments, the country of Upsilon should consider
a. refusing all future offers of aid b. privatizing of aid, such as receiving funds from private not-for-profit agencies c. becoming a donor instead d. seeking even more government-sponsored aid e. All of the answers are correct
A single bank is limited in its ability to create money because
A. loan recipients usually take the proceeds of the loan in cash. B. the FDIC will not permit it to create money unless the loans are guaranteed by the federal government. C. the money loaned will probably be deposited in another bank. D. federal legislation prohibits banks from creating money except to finance international trade.
Real GDP was $9,950 Billion in year 1 and $10,270 billion in Year 2. What was the approximate rate of economic growth from year 1 to year 2?
What will be an ideal response?
Which of the following is most likely to have declining opportunity costs?
A) a delivery van B) an apartment building in Manhattan C) an acre of land in San Francisco D) a park in downtown London