If government regulations significantly increase the cost of operating within a particular market, one result is that
A) new firms are discouraged from entering the market.
B) barriers to entry are nullified.
C) a perfectly competitive market environment is encouraged.
D) new firms are encouraged to enter the market.
A
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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
When a firm buys a product from another firm in the same company, it is charged
A) an implicit price. B) a market price. C) a predatory price. D) a transfer price.
Countries that have adopted liberal reforms and substantially increased their economic freedom rating in recent years
What will be an ideal response?
Most bank deposits in the United States are insured by the Federal Deposit Insurance Corporation (FDIC).
Answer the following statement true (T) or false (F)