Suppose ABC Aluminum Inc owns 80% of the world's bauxite, a mineral used in the production of aluminum. Which of the following reasons describes the fundamental barrier to entry for the aluminum industry?
a. monopoly resources
b. government regulation
c. the production process
d. Both a and b are correct.
a
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Which is a question of interest in this book?
A) Where is the stock market heading? B) What is the optimal inflation rate? C) How are stock options priced? D) What are commodity futures?
Like the monopolist, the monopolistically competitive firm:
A. faces a downward sloping demand curve. B. is a price taker. C. sets the price where marginal cost equals marginal revenue; the demand curve doesn't matter. D. All of these statements are true.
Government bond:
What will be an ideal response?
Globalization represents:
A. the opposite of isolationism. B. a return to isolationism. C. the economic complement of political isolationism. D. the political complement of economic isolationism.