All of the following are barriers to entry in an industry EXCEPT
A. governmental restrictions.
B. economies of scale.
C. a patent.
D. low marginal tax rates.
Answer: D
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Since World War II, the likelihood that any single item in the typical consumption basket of a consumer in the U.S. originated outside of the U.S
A) remained constant. B) increased. C) decreased. D) fluctuated widely with no clear trend. E) increased slightly before dropping off.
Countries with floating exchange rates have certain characteristics. Indicate the one that does not apply to those countries
A) closed economy B) small economy C) diversified trade D) divergent inflation rates
A pharmaceutical company faces a price regulation where it cannot charge any higher than $5,000 for a lifesaving drug. The company knows that the patients put a high value on this product and are willing to pay up to $10,000 for it. The company decides
to sell the drug at $5,000 and receives another $5,000 from administration through their exclusive medical service providers. This is an example of a. Tying b. Bundling c. Exclusion d. Fraud, the company is not allowed to sell for any higher than the regulatory price
The rise in unemployment in a country resulted in many unemployed people turning to criminal activity such as drug dealing, violent theft, and robbery as an alternative means to make money. It also led to growing political unrest. Therefore, unemployment in this country resulted in _____
a. a loss of lifetime earnings b. a loss of human capital c. the deterioration of health d. a loss of social cohesion