The ________ the Herfindahl-Hirschman Index (HHI), the ________ the industry
A) higher; less competitive
B) lower; less competitive
C) higher; more firms in
D) lower; more profitable
A
Economics
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How does a quota affect the consumer surplus and the producer surplus from the imported good? Is the overall economy helped or harmed by quotas? Briefly explain your answers
What will be an ideal response?
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Suppose policy makers pass a budget that reduces the budget deficit. A deficit reduction package such as this has a greater chance of increasing current output when
A) the policy is front-loaded. B) financial markets believe that taxes will not increase in the future. C) financial markets believe the Fed will lower interest rates in the future. D) all of the above E) none of the above
Economics