Thomas Robert Malthus believed
A) that food supplies would always be more than sufficient to feed the world's population.
B) that the world's population would eventually outstrip food supplies.
C) that population growth was good for the world.
D) that population growth would eventually lead to an increase in the quality of life for everyone.
B
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Suppose the four-firm concentration ratio for an industry is 10 percent. This value indicates ________. If the four-firm concentration ratio for another industry is 95 percent, this value indicates ________
A) the industry is competitive; the industry has very little competition B) the industry has very little competition; the industry is very competitive C) the industry has firms worldwide; the industry is concentrated in one country D) the HHI will be high; the HHI will be low
The Federal Reserve was originally created to
a. stabilize exchange rates b. keep the unemployment rate at 0% c. create jobs d. issue bonds e. create and regulate the U.S. money supply