Part-time workers who want full-time work are counted as only partially employed in the official unemployment statistic

Suppose that an industry has a Herfindahl-Hirschman index of 2,000 . Two firms have proposed a merger. Firm A has a current market share of 9 percent. Firm B has a market share of 5 percent

Will the Justice Department challenge the merger? Explain.

The fact that consumers often react more to changes in the posted price of a good as compared to changes in the sales tax that is not posted is an example of

A) salience. B) salinity. C) stupidity. D) rational ignorance.