Governments and legislatures can erect barriers to entry. Which of the following would NOT be one of them?

A) licenses
B) tariffs
C) Patentsp
D) laws that ensure property rights


D

Economics

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If the CPI at the end of last year was 100 and the CPI at the end of this year was 115, the inflation rate was

A) 1.5 percent. B) 15 percent. C) 100 percent. D) 115 percent.

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With what measure does cyclical unemployment tend to move?

A. GDP deflator B. Nominal GDP C. Inflation D. Per capita GDP growth rate

Economics

Is there a positive or negative relationship between real wages and output in the classical model? Explain

What will be an ideal response?

Economics

Which is always true at a firms profit maximizing rate of production

Economics