The national concentration ratio
A) underestimates concentration for both the newspaper and the automobile industries.
B) overestimates concentration for both the newspaper and the automobile industries.
C) underestimates concentration for the newspaper industry and overestimates it for the automobile industry.
D) overestimates concentration for the newspaper industry and underestimates it for the automobile industry.
C
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In the circular flow model, money flows from the business sector to the household sector through the:
a. product market. b. capital market. c. goods market. d. services market. e. resource market.
Suppose the CPI has been overstating the increase in the cost of living by 1% for 25 years, the total impact of that 25 years later is
a. less than 25% b. exactly 25% c. negligible since it is only 1% per year d. more than 25% e. 24%