If a market is shared equally by 100 firms, the Herfindahl-Hirschman Index is

A disadvantage of having an annually balanced budget is that government spending would have to: a. allow the national debt to burgeon with chronic deficits

b. decline during a recession to offset the increase in tax revenues. c. rise during a recession to match the increase in tax revenues. d. rise during an expansion to offset the decline in tax revenues. e. decline in a recession to match the decrease in tax revenues.

Which of the following is an argument against the idea that tariffs are necessary to protect against dumping?

a. It is difficult to assess whether a country is dumping its products or simply has lower production costs. b. Products dumped by foreign suppliers are usually outdated and pose no threat to domestic suppliers. c. It is considered more important to stockpile foreign goods to maintain supply during a war. d. Tariffs are not needed to counter dumping because environmental laws are in place to punish violators.