All of the following are considered a barrier to entry into a market EXCEPT
A. government licenses.
B. governmental regulations of business conduct relating to workplace conditions.
C. lowering tariffs.
D. persistent declining long-run average costs as output increases.
Answer: C
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Which of the following would increase net exports in the United States?
A) The United States purchases 500 silver necklaces from Mexico. B) A Mexican citizen purchases 25 shares of stock in Ford Motor Company. C) The U.S. government donates $5 million to Mexico to help victims of drought in Mexico. D) The government of Mexico purchases 500 Ford F-150 pickup trucks from the United States.
In the simple Keynesian consumption function, consumption demand is
A) a function of disposable income alone. B) a function of disposable income and an autonomous component. C) simply an autonomous amount exogenous to the model. D) a function of the interest rate and an autonomous component. E) a function of the interest rate alone.
Total market supply can be derived by
A) horizontally summing individual supply curves at each and every price level. B) vertically summing individual supply curves at the current technology level. C) adding up the largest quantity demanded at various prices. D) looking at the changes in the price of raw materials needed to produce the product.
What are the total profits if four units are produced? a. 40
b. 70. c. -30. d. 20.