In oligopoly, minimum efficient scale is large relative to the market
a. True
b. False
A
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List three ways government can reduce depletion of an endangered resource. Which of these ways requires the least amount of management, monitoring, and bureaucracy?
What will be an ideal response?
The accumulated training and education that you have is
A) physical capital. B) entrepreneurship. C) economic goods. D) human capital.
Government spending can be financed by all of the following, except:
a. personal income taxes. b. investment spending. c. government borrowing. d. money creation. e. excise taxes.
The total cost of federal regulation includes
A. only the funding of the regulatory agencies. B. only the cost of compliance by the regulated firms. C. the funding of government agencies overseeing compliance less the compliance cost for the regulated firms and the opportunity cost of regulation for the firms. D. the funding of government agencies overseeing compliance, the compliance cost for the regulated firms, and the opportunity cost of regulation for the firms.