When there are barriers to entry, a profit-maximizing firm already in the industry can charge any price it wants, even in the long run
a. True
b. False
B
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Foreign direct investment implies that the investor obtains ________ share in a foreign company's ownershi
A) less than 10 percent B) less than 1 percent C) less than 5 percent D) none of the above
Explain why producers rather than consumers may be the beneficiaries of regulation. Does the evidence support this view?
Prices in both the U.S. and China rise, but prices in China increase by a larger percentage. According to purchasing-power parity, the U.S. dollar
a. gains value both in terms of the domestic goods and services it can buy and in terms of the Chinese currency it can buy. b. gains value in terms of the domestic goods and services it can buy, but loses value in terms of the Chinese currency it can buy. c. loses value in terms of the domestic goods and services it can buy, but gains value in terms of the Chinese currency it can buy. d. loses value both in terms of the domestic goods and services it can buy and in terms of the Chinese currency it can buy.
secure property rights promote economic progress because they
What will be an ideal response?