The Herfindahl-Hirschman Index will indicate that a contestable market is ________
A) a sequential market
B) competitive
C) uncompetitive
D) a prisoners' dilemma
C
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The March 2000 "tech bubble" burst caused the aggregate demand curve to shift to the left by ________
A) causing an upward spike in the real interest rate B) reducing autonomous spending by households and businesses C) reducing government spending on high-tech equipment D) all of the above E) none of the above
In a typical college town, when students go home for the summer, the demand for many items such as pizza and textbooks
a. decreases, which is a shift to the left of the demand curves for these goods. b. decreases, which is a shift to the right of the demand curves for these goods. c. increases, which is a shift to the left of the demand curves for these goods. d. increases, which is a shift to the right of the demand curves for these goods.
one of the four main categories of spending identified by John Maynard Keynes is government purchases
a. true b. false
Suppose a manufacturer of software develops a new computer program that sells for $50. The $50 cost includes $0.25 for the CD it is stored on, $5 for the labor of the company software programmers, and $1.75 for packaging materials and transportation costs. Value added by the software company is
A) $49.75. B) $48.25. C) $48. D) $44.75.