Which of the following is a legal entry barrier established by government?
a. Patents.
b. Copyrights.
c. Government franchises.
d. All of the above.
D
Economics
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A private cost is a cost of production that is borne by the
A) consumer of the good. B) producer of the good. C) government. D) consumer of the good and the government.
Economics
The Laffer curve is a graph of the relationship between tax rates and:
a. real GDP. b. total tax revenues. c. government spending. d. inflation.
Economics
An increase in personal saving as a percentage of disposable income contributes to capital deepening
Indicate whether the statement is true or false
Economics
If supply falls, what happens to equilibrium price and quantity?
What will be an ideal response?
Economics