Market power may result from all of the following except
A. Efficiencies of large-scale production.
B. Control of resources.
C. Patents and copyrights.
D. Low barriers to entry.
Answer: D
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Evaluate critically the following statement: The developed countries have all shown a significant increase in the numbers of university-trained workers as incomes have risen; thus the development of a solid university system should be among the
major priorities of developing countries.
Deregulation is a process that undoes regulation
Indicate whether the statement is true or false
Countries that have indexed most contracts, wages, and interest rates to inflation have managed to sustain solid levels of economic growth for sustained periods with levels of inflation at ________, which would sound high by recent U.S. standards.
a. 10 percent to 30 percent per year b. 30 percen to 40 percent per year c. 5 percent to 10 percent per year d. 40 percent to 50 percent per year
A decrease in the marginal physical product of labor shifts the demand for labor curve to the right
a. True b. False Indicate whether the statement is true or false