If the Herfindahl index for automobiles take foreign competition into account, the Herfindahl index for the U.S. automobile industry would be significantly higher
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
In a persisting demand-pull inflation
A) aggregate demand increases and potential GDP decreases. B) aggregate demand decreases and aggregate supply decreases. C) aggregate supply decreases and aggregate demand increases. D) aggregate supply increases and aggregate demand increases. E) None of the above answers is correct.
Publicly available data on production costs and box office revenues reflect that:
a. R-rated movies on an average collect higher revenues than G-rated movies. b. revenue collected by PG-rated movies donot cover the production and distribution costs. c. G-rates movies help investors to make artistic or polictical statements. d. family-rated movies are on average profitable.
The firm's short-run supply curve runs up the _______ curve beginning at the _________.
Fill in the blank(s) with the appropriate word(s).
The liquidity trap illustrated in Figure 15.5 is the result of a
A. Currency that is not serving its function as a store of value. B. Low opportunity cost of money. C. Low demand for cash at low interest rates. D. Fed ceiling on interest rates.