Under Federal Trade Commission merger guidelines, an industry with a Herfindahl-Hirschman index (HHI) of 800 points is considered
A) competitive.
B) moderately concentrated.
C) concentrated.
D) a monopoly.
A
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Under a system of fixed exchange rates, excess demand by Germans for the Swiss franc represents a potential
A. German balance-of-payments deficit with Switzerland. B. German balance-of-payments surplus with Switzerland. C. German trade surplus with Switzerland. D. Swiss trade surplus with Germany.
The exchange rate last year was $1 = 1.1 euros. This year it is $1 = 0.95 euros. We can say that the value of the dollar
A. increased; causing net exports to decrease and aggregate demand to rise. B. increased; causing net exports to decrease and aggregate demand to fall. C. decreased, causing net exports to increase and aggregate demand to rise. D. decreased, causing net exports to decrease and aggregate demand to fall.