Which one of the following is most likely to increase the Herfindahl index of a particular industry?

A. A conglomerate merger.
B. A vertical merger.
C. A price-fixing arrangement among all the industry firms.
D. A horizontal merger.

Answer: D

Economics

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According to the misperceptions theory, if the Fed wanted to use monetary policy to influence the real economy it would have to

A) increase the money supply whenever the economy was in a recession. B) decrease the money supply whenever the economy was in an inflationary boom. C) surprise the public with unexpected changes in monetary policy. D) abide by the monetary targets it announced.

Economics

Money spent on college tuition is considered human capital by economists

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

Economics