In a closed economy with output fixed, an increase in government spending matched by an equal increase in taxes will:

Suppose an industry has total sales of $25 million per year. The two largest firms have sales of $6 million each, the third largest firm has sales of $2 million, and the fourth largest firm has sales of $1 million

The four-firm concentration ratio for this industry is A) 36 percent. B) 60 percent. C) 50 percent. D) 25 percent.

If the dollar depreciates against the yen, U.S. goods sold in ________ would become less expensive and Japanese goods sold in ________ would become more expensive.

A. the United States; the United States B. the United States; Japan C. Japan; Japan D. Japan; the United States