You're buying snacks for an Econ Club meeting. You've been given $100 to spend on chips and soda. If bags of chips cost $3 each and Soda costs $1 each, how much of each can you buy?

If there are only three firms in an industry with 50 percent, 40 percent, and 10 percent of the market, respectively, the Herfindahl Index is

a. 40 b. 100 c. 200 d. 33 e. 4,200

Policy directives issued by the Fed to moderate swings in the business cycle are

a. countercyclical fiscal policy b. channeled through the Treasury Department c. countercyclical monetary policy d. first approved by the appropriations committees of the U.S. House of Representatives and the Senate e. federal funds activity