The principal lender-savers are

Since 1960

A) in every decade, Japan has experienced faster growth than the United States. B) growth rates in South American countries have exceeded those in North America. C) real GDP per person in Hong Kong and Singapore have grown and are approaching or surpassing that in the United States. D) due to rapid growth, real GDP per person in China is now about 50 percent of that in the United States.

The local banking industry currently has a Herfindahl-Hirschman index (HHI) value of 1575 and two of the competing banks have considered merging. Because the merger would raise the HHI by 55 points, the Federal Trade Commission would likely

A) challenge the merger. B) not challenge the merger. C) allow the merger under the condition that HHI does not rise by more than 55 points as promised. D) allow the merger under the condition that the HHI remain at the premerger level of 1575.