Which of the following most likely would decrease frictional unemployment?
A) an increase in the number of high school and college graduates
B) effective Internet-based employment services and job registries
C) an expansion of unemployment compensation benefits
D) All of the above would decrease frictional unemployment.
B
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Along a perfectly elastic demand curve,
A. the slope is always zero. B. the price elasticity of demand is 1. C. consumer purchases will not respond at all to a change in price. D. All of the responses are correct..
If an industry consists of only two firms with equal market shares, then the Herfindahl index is
a. 50 b. 100 c. 2,500 d. 5,000 e. 10,000
A binary variable is a variable whose value changes with a change in the number of observations.
Answer the following statement true (T) or false (F)
Which of the following statements is most accurate about the Internet and tech companies?
A. The markets they operate in are monopolistically competitive. B. Firms that dominate one market will use large profits from that industry to put competitive pressure on rivals in other markets. C. The most dominant firms in each market only hold about 30 percent of the market share. D. Collusion among firms means that each industry is fully monopolized.