Supply-side policy suggests that if we _______ taxes of workers, the _________ labor will increase, causing equilibrium wages to ________.

If there are four firms in an industry with market shares of 50 percent, 40 percent, 5 percent, and 5 percent, the Herfindahl-Hirschman Index is

A) 100. B) 4150. C) 25. D) 3450. E) undefined because there are not 50 firms in the industry.

A movie at the movie theater is an example of a good that is

a. both non-rival and non-excludable b. both rival and excludable c. rival but non-excludable d. non-rival but excludable e. rival but whose consumption creates negative externalities