As the Federal Trade Commission currently interprets the Herfindahl-Hirschman index (HHI), an industry is considered to be highly concentrated if the HHI value is above

Which of the following best describes comparative advantage?

A) using the fewest number of resources to produce a given amount of output B) being able to produce more output than any other country C) having the largest number of resources compared to other countries D) forgoing the fewest units of one product to produce a unit of another product E) It is the same as absolute advantage.

The existence of stagflation in the 1970s undermined the credibility of demand-management policies

a. True b. False Indicate whether the statement is true or false