All of the following are barriers to entry except
A. network effects.
B. externalities.
C. economies of scale.
D. control of scarce resources.
Answer: B
Economics
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If C = $400, I = $100, G = $50, NX = $30, and NFP = $5, how much is GDP?
A) $580 B) $575 C) $585 D) $550
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In 2009, nominal GDP was $14,050 billion and M1 was $1,587 billion. Velocity was
A. 0.11. B. 8.85. C. 11.30. D. 14.25.
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What is the equilibrium quantity of a market with a demand curve P = 10 - Q and a supply curve equal to P = 2 + 2Q and a tax imposed on the seller of $2 per unit? How does this tax effect resource allocation? What might justify the allocation effect of the tax?
What will be an ideal response?
Economics
Refer to the graph below for a profit-maximizing monopolist. The firm will produce the quantity:
A. 0V
B. 0Y
C. 0T
D. 0X
Economics