A high HHI indicates that a market may be dominated by one large firm
Indicate whether the statement is true or false
True
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Which of the following can sometimes be referred to as "hot money"?
A. Foreign portfolio investment B. Foreign direct investment C. Net capital inflow D. Net capital outflow
When the wage rate rises, a worker chooses to replace some leisure hours with work hours, even if he would remain equally well off. This phenomenon is known as
a. compensating differential. b. the income effect. c. the substitution effect. d. intertemporal substitution.
A good is classified as inferior if
a. consumers buy less when the price rises. b. consumers buy less when income rises. c. consumers buy less when the price falls. d. consumers buy more when income rises.
With discretionary policy making, fiscal and monetary policies are usually
A. immune to any lag times that might counter their effectiveness. B. set according to pre-established standards that do not take into account any changes in the economy. C. undertaken in response to or anticipation of some change in the overall economy. D. immune to any political overtones.