Obstacles that make it difficult or impossible for would-be producers to enter a market are known as:
a) Entry tariffs.
b) Entry blockades.
c) Monopoly profits.
d) Barriers to entry.
Answer: d) Barriers to entry.
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The cost of a one-unit increase in an activity is called the
A) rational cost. B) opportunity benefit. C) marginal cost. D) marginal benefit. E) margin.
Ignoring any supply-side effects, if government expenditure on goods and services increase by $10 billion and taxes increase by $10 billion, then real GDP ________ and the price level ________
A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls E) does not change; does not change
Leverage refers to
A) the ratio of total assets of a financial institution to total liabilities. B) the ratio of the liabilities of a financial institution to equity capital.. C) the ratio of equity capital of a financial institution to the liabilities. D) the ratio of the debt of a financial institution to liabilities.
It appears that one out of ten individuals classified by the Census Bureau as a year round, full-time worker was actually employed part-time at least six weeks of the year
Indicate whether the statement is true or false