The four firm concentration is a measure of
a. the percentage of total output of the four largest firms in an industry
b. the total output of the fourth largest firm in an industry
c. the percentage of total sales of the four largest firms in an industry
d. the total output or sales of the four largest firms in an industry
e. either a or c
E
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The Great Recession of 2008-09 was an ideal case for fiscal policy because:
A. a healthy financial sector improves the timeliness of expansionary fiscal policy. B. targeting and timeliness are less important when a recession is the result of the bursting of an asset bubble. C. the most-easy-to-target sectors were those that were the most affected by unemployment. D. targeting and timeliness are less important when a recession is very severe and lasts a long time.
The Interstate Commerce Commission (ICC) was established in 1887 to regulate:
a. banking. b. railroads and all surface transportation. c. nationwide advertising. d. interstate sales of food and drugs.