Which of the following are barriers to entry?
A) economies of scale
B) patents and copyrights
C) control of resources
D) all of the above
D
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The figure above shows a nation's consumption function. If disposable income is $2 trillion, then the MPC is ________ and saving is ________
A) negative; positive B) positive; zero C) positive; negative D) positive; positive E) negative; negative
According to the graph shown, if the government decides to increase its spending, it is most likely at point:
A. C
B. B
C. D
D. It's impossible to tell without more information.
In the health insurance field, asymmetric information creates problems _____ insurance contracts are signed; moral hazard causes problems_____ insurance contracts are signed
a. Before; before b. Before; after c. After; after d. After; before
The Economic Recovery Tax Act of 1981 stipulated that individual income tax be cut ________ over three years.
A. 5% B. 15% C. 25% D. 50%