If the Herfindahl index for automobiles take foreign competition into account, the Herfindahl index for the U.S. automobile industry would be significantly higher

The agency problem can be avoided if

A) the firm is not subject to regulation by a government agency. B) the manager and owner can manipulate reported profit. C) the firm has positive profits. D) the goals of the owner and manager are aligned.

A federal budget surplus occurs when government expenditures exceed tax revenues

Indicate whether the statement is true or false