Which of the following sectors in the economy accounted for about 70 of the spending in the U.S. during 2009?
a. The government
b. Firms
c. The foreign sector
d. Investors
e. Households
Question 2
The U.S. Justice Department, on the basis of the Herfindahl index, classifies the industries with the value:
a. below 500 as highly competitive; 500-1000 as moderately competitive; and above 1000 as highly concentrated.
b. below 1000 as highly competitive; 1000-1500 as moderately competitive; and above 1500 as highly concentrated.
c. below 500 as highly competitive; 500-1500 as moderately competitive; and above 1500 as highly concentrated.
d. below 1000 as highly competitive; 1000-1800 as moderately competitive; and above 1800 as highly concentrated.
e. below 1500 as highly competitive; 1500-2000 as moderately competitive; and above 2000 as highly concentrated.
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
The answer to “What is the proper role of children in an economy?” varies by social class, ...
Links to the World Economy
Migration and Global Economy
Japan’s Economy and Society
Efficient Allocation of Labor between Sectors