Answer: Keynesian Economic Theory
Explanation: The policy adopted by the President was to cut back taxes and increase government spending on road, bridges and schools. This policy of the government is called the expansionary fiscal policy which is used to combat an economy suffering from recession. The Keynesian theory also supports the argument that when an economy is suffering from recession, economic output is influenced by aggregate demand. Thus, the government and use its fiscal policy tools to bring the economy out of recession. It also supports that the Fed can also use its monetary policy to bring the economy out of recession. But since here taxes and government spending are uses, we can say that Obama was a proponent of Keynesian Economic theory.
False. Price ceilings, provided there are no other government policies in place, will cause deadweight loss. Diagram provided.
Answer: Option A
Explanation: In simple words, business requirements refers to the set of complex activities regarding operating of a business that the organization must performs to continue in the market. Usually these activities involves identifying the needs of others and performing accordingly to fulfill those needs.
These activities are not general in nature, they are specific in nature for a particular group that needs to perform it or the one which needs to get it performed.
The market shares (in percentage terms) for the 12 firms that comprise an industry are 15, 12, 11, 10, 8, 7, 7, 6, 6, 6, 6, and
Veronika [31]
Answer:
932; 48 percent
Explanation:
The computation of the Herfindahl index is shown below:
= (15)² + (12)² + (11)² + (10)² + (8)² + (7)² + (7)² + (6)² + (6)² + (6)² + (6)² + (6)²
= 225 + 144 + 121 + 100 + 64 + 49 + 49 + 36 + 36 + 36 + 36 + 36
= 932
And, the four-firm concentration ratio is
= 0.15 + 0.12 + 0.11 + 0.10
= 0.48
Simply we applied the above computation