Which of the following is NOT a restriction the government imposes to keep potential entrants out of a market?
A. licensing of exclusive ownership of such a vital resources
B. subsidizing imported goods
C. compliance with government safety regulations
D. certificate of convenience
Answer: B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
If the number of wine producers decreases
A) the supply of wine increases. B) the supply of wine decreases. C) the demand for wine decreases. D) the demand for wine increases.
Which of the following activities would fall under the leisure category in labor-leisure indifference curve analysis
a. cutting your own lawn. b. cleaning your own garage. c. neither a or b. d. both a and b.
According to Peter Theil's book Zero to One,
A. there is only one market structure-perfect competition. B. there are two market structures-oligopoly and monopoly. C. there is only one market structure-dynamic monopoly. D. there are two market structures-oligopoly and competition.