Entry barriers are most significant in
A) pure competition.
B) monopolistic competition.
C) oligopoly.
D) pure monopoly.
Answer: D
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Government purchases consist of the total dollar amount(s) spent on goods and services by the
A) federal government only. B) state governments only. C) local governments only. D) state and local governments, but not the federal government. E) federal, state, and local governments.
How does the supply of land differ from the supply of most labor? How will the effect on price of an outward shift in demand for labor differ from the effect on price of an equivalent shift in the demand for land?
What will be an ideal response?
If Tiger Toys faces a demand curve of P = 85 ? 0.25Q and a MC = ATC = 20, then the economic profits would be
A. $2,600. B. $6,825. C. $4,225. D. $130.
The traditional view regarding population and growth in DVCs is that:
A. The most important factor affecting population growth in DVCs is per capita consumption of energy B. Unemployment and underemployment are the major sources of population growth in DVCs C. Reduced birthrates must come first in DVCs, and then higher per capita incomes will follow D. Higher per capita incomes must come first in DVCs, and then reduced birth rates will follow