If the HHI for the widget industry is 1,200, then the market structure is
A) a monopoly.
B) monopolistic competition.
C) an oligopoly.
D) perfect competition.
E) impossible to determine
B
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Country A limits other nations' exports of coal to Country A to 1,000 tons of coal annually. This is an example of a(n)
A. export subsidy. B. voluntary export restriction. C. protective tariff. D. import quota.
The major cause of a 3-4% increase in unemployment over a short time period is likely to be a structural unemployment change
Indicate whether the statement is true or false
Economists believe that public debt
a. cannot create inflation b. can create inflation if the government sells bonds to private citizens c. can create inflation if the government sells bonds to private firms d. can create inflation if the government sells bonds to the Federal Reserve e. can create inflation if the government sells bonds to foreigners
From 1995 to 2007 in the U.S., the median and average family wealth adjusted for inflation both:
A. Increased rapidly but fell sharply from 2007 to 2010 B. Stayed roughly the same, then rose from 2007 to 2010 C. Stayed at about the same level, then fell sharply from 2007 to 2010 D. Increased slowly, then accelerated from 2007 to 2010