Governments and legislatures can erect barriers to entry. Which of the following would NOT be one of them?
A) licenses
B) tariffs
C) patents
D) laws that ensure property rights
Answer: D
Economics
You might also like to view...
In the figure above, the natural unemployment rate is
A) 6 percent. B) 0 percent. C) 8 percent. D) 4 percent. E) 2 percent.
Economics
Describe the relationship between marginal cost and average total cost
What will be an ideal response?
Economics
When banks reduce the reserve ratio, the potential money multiplier
A) increases. B) decreases. C) remains unchanged. D) sometimes increases, and sometimes decreases depending on the rate of inflation.
Economics
If you know the required reserve ratio, then you know how much each bank is holding in reserves
a. True b. False Indicate whether the statement is true or false
Economics