Barriers to entering an industry:
A. encourage allocative efficiency.
B. encourage productive efficiency.
C. are the basis for monopoly.
D. apply only to purely monopolistic industries.
Answer: C
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If Pete enjoys his first pancake of the morning much more than his fifth pancake of the morning, he is exhibiting
A) utility maximizing behavior. B) diminishing marginal utility. C) irrational behavior. D) diminishing total utility.
In the countries that have adopted inflation targeting, the inflation rate has typically
A) not changed. B) decreased to zero. C) increased. D) decreased.
Discuss the impact of the restoration of convertibility in 1958
What will be an ideal response?
Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: 
Based on the info above, which of the parameter estimates are statistically significant at the 90% level of confidence?
A. All the parameter estimates are statistically significant. B. â is not statistically significant, but all the rest of the parameter estimates are significant. C. All parameter estimates except â and b are statistically significant. D. c? is not statistically significant, but all the rest of the parameter estimates are significant.