Restrictions on imports
A) usually have no permanent effects on an economy.
B) is the best way to increase exports.
C) protect United States jobs.
D) eventually reduce exports.
D
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The above table shows the market shares for all the landscaping services in a suburban area. A merger between the three largest firms would
A) make the industry more competitive. B) increase the four-firm concentration ratio and increase the Herfindahl-Hirschman Index (HHI). C) increase the four-firm concentration ratio and decrease the Herfindahl-Hirschman Index (HHI). D) decrease the four-firm concentration ratio and decrease the Herfindahl-Hirschman Index (HHI).
Real GDP per person in Australia was $5626 in 1870. Over the next 130 years, it grew at a compound annual rate of 1.145%. If, however, real GDP per person had grown at an average compound rate of 1.5%, then real GDP per person in Australia in 2000 would have been approximately:
A. $24 716 B. $38 975 C. $53 663 D. $73 828