If U.S. exports exceed U.S. imports and official reserves do not change, the United States
A) borrows from the rest of the world.
B) makes loans to the rest of the world.
C) borrows from the U.S. government.
D) cannot sell any capital to foreigners.
E) makes loans to the U.S. government.
B
Economics
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If a market is shared equally by four firms, the Herfindahl-Hirschman Index is
A) 1/4. B) 4. C) 25. D) 2,500.
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What does the price elasticity of demand show?
In the market for sweaters, suppose Green's price elasticity of demand is 0.2, Smith's price elasticity is 1.2, and the price elasticity of all the other consumers is greater than 0.2 but less than 1.2 . Could the market price elasticity be less than 0.2 or greater than 1.2?
Economics