Author Question: The bowed shape of the traditional production possibilities curve reflects the A) negative side ... (Read 102 times)

tatyanajohnson · **on:** Jun 29, 2018

The bowed shape of the traditional production possibilities curve reflects the

A) negative side effects of economic growth.
B) fact that not all resources are equally well-suited to producing all goods.
C) costs of unemployment.
D) problems of inequality.

Question 2

The Herfindahl-Hirschman index is measured by

A) adding the market shares of all firms in an industry.
B) adding the squares of the market shares of all firms in an industry.
C) squaring the sum of the market shares of the all firms in an industry.
D) adding the market shares of the four largest firms in an industry.