The Core Personal Consumption Expenditures Index
A. strips out the cost of food and energy from the PCE.
B. also includes producer prices (like the cost of iron ore).
C. only includes food and energy.
D. includes all goods and services people buy (not just what "average" people buy).
Answer: A
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Which of the following findings would be the most likely to lead the U.S. Justice Department to block a corporate merger under terms of the Clayton Act?
A. A buyer-seller relationship between the two firms. B. A high premerger Herfindahl index in the industry and a large boost in the index because of the merger. C. A low pre- and post-merger concentration ratio in the industry. D. Evidence that one of the firms is highly unprofitable.