Selling baked goods out of your home or apartment is illegal in Wisconsin and New Jersey. In these states, baked goods must be prepared in commercial kitchens that are subject to state inspection if they are to be sold to the public. For home bakers in
these two states, they barrier to entry they face is
A) due to economies of scale.
B) due to ownership of a key resource.
C) government imposed.
D) self imposed.
Answer: C
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Core inflation is all of the following but:
A. a measure of inflation that excludes goods with historically volatile price changes. B. the BLS's official measure of changes in prices. C. Both an overall rise in prices in the economy. D. a measure of inflation that excludes gasoline and food price changes.
If there were a 10% reserve requirement, how much would the deposit multiplier be?
What will be an ideal response?
An advantage of conventional job analysis interviews and questionnaires is _____.
A. increased employee understanding of the process B. lower cost to the organization C. reduced subjectivity D. less time to complete the process
If nations trade on the basis of comparative advantage:
A. all trading partners can gain from trade. B. exporting nations gain from trade and importing nations lose. C. a nation usually can gain from trade only at the expense of its trading partners. D. importing nations gain from trade and exporting nations lose.