All of the following are ways a government might protect monopoly rights except:
A. making it illegal to enter an industry.
B. heavy taxation of potential competitors.
C. protecting intellectual property rights.
D. subsidizing a state-owned entity.
Answer: B
You might also like to view...
Economics teaches us that
a. every choice has costs associated with it because resources are scarce. b. if all resources were abundant there would be no need to economize or to agonize over decisions. c. judgements have to be made as to the best means to obtain a desired objective. d. All of the above.
Because of China's growth, natural resources
A) are in greater demand, but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries. B) are in greater demand and the natural resources are increasingly coming from developing countries. C) prices are falling since China has tremendous negotiating power. D) are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing.
In the simple Keynesian model, total savings equals
a. total investment minus the budget deficit. b. total planned and unplanned investment. c. planned investment. d. planned investment plus the budget deficit. e. none of the above.
If a product has an inelastic demand, then:
a. there is probably a long time period under consideration. b. as price increases, total revenue to producers decreases. c. an increase in the price will decrease total consumer expenditures. d. there are probably many complements for the good. e. there are probably few substitutes for the good.