China's strategy of breaking the vicious circle of poverty focused on
a. transforming itself into a market-based economy
b. reducing the resources devoted to infrastructure development
c. refusing to trade with foreign countries
d. reducing population growth by stringent restrictions on family size
e. developing more traditional and labor-using production techniques
D
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In the personal computer (PC) market in the first half of 2008, Hewlett-Packard maintained its worldwide No. 1 ranking at a market share of 19.1 percent
Dell's market share was 16 percent and Acer held onto third place with a 9.5 percent share, and Lenovo maintained fourth place, with a 7.9 percent share. What is the four-firm concentration ratio in the PC market? A) 60.3 B) 52.5 C) 45 D) 36.5
Toby sells wheat in a perfectly competitive market. The demand curve for Toby's wheat is:
A. horizontal. B. vertical. C. downward sloping. D. U-shaped.