One reason why, in the last four decades, the number of new auto makers in the world has been very small compared to the past is that
A) governments restrict who can produce automobiles.
B) new auto makers cannot obtain necessary inputs to produce new cars.
C) new producers cannot match the economies of scale of existing auto makers.
D) the automobile cannot be improved upon in any way by new producers.
C
You might also like to view...
An increase in the price of sodium carbonate, a chemical compound used in detergents, will:
a. increase the quantity of detergents demanded. b. decrease the quantity of detergents demanded. c. decrease the demand for detergents. d. increase the demand for detergents.
Suppose that there are two employers in Tinytown. CareCo offers a generous health insurance package to all employees, while ApathyInc pays slightly higher wages than CareCo, but does not offer health insurance. All else equal, a person who is unhealthy and expects to have high healthcare costs will:
A. stop going to the doctor. B. prefer to work for ApathyInc. C. be equally happy working for either firm. D. prefer to work for CareCo.
Figure 10-7
?
?
Which of the diagrams in Figure 10-7 represents a period of economic growth and inflation?
A. (A) B. (B) C. (C) D. (D)
The discount rate is
A. the interest rate commercial banks charge their new customers. B. the interest rate the Fed charges commercial banks for borrowing funds. C. the interest rate commercial banks charge each other for borrowing funds. D. the interest rate commercial banks charge their most creditworthy customers.