Of all barriers to entry, the most important are those that are due to
A) economies of scale. B) government-imposed barriers.
C) the Herfindahl-Hirschman Index. D) ownership of a key input.
A
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If stricter immigration laws are imposed and many foreign workers in the United States are forced to go back to their home countries,
A) we will move down along the long-run aggregate supply curve. B) we will move up along the long-run aggregate supply curve. C) the long-run aggregate supply curve will shift to the right. D) the long-run aggregate supply curve will shift to the left.
Discuss the Smoot-Hawley tariff and its economic repercussions
What will be an ideal response?
Discuss why the empirical support for PPP and the law of one price is weak in recent data
What will be an ideal response?
Which of the following is the outcome of the lemons problem in the used-car market?
A) Only low-quality cars will be traded in the market. B) Only high-quality cars will be traded in the market. C) Both low-quality and high-quality cars will be traded in the market. D) No cars will be traded in the market.