In some countries, brand name fast-food restaurants are not allowed to operate. Such restrictions are likely to
a. enhance the social welfare of society.
b. increase the number of fast-food restaurants.
c. reduce barriers to entry in imperfect markets.
d. reduce the competitive nature of local fast-food markets.
d
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The Coase theorem says that, if the appropriate property right is assigned to __________, an efficient solution to an externality problem will be achieved
a. the party causing the externality b. the victim of the externality c. the party that can avoid the externality at the higher cost d. the party that can avoid the externality at the lower cost e. either one of the parties involved
Yield on a bond refers to:
a. the coupon-rate of the bond. b. the money earned by selling a bond. c. the return from a bond after its maturity. d. the difference between the face value of a bond and the bond price. e. the annual return until the bond matures.
The group of economists who believed that the macroeconomy worked very well on its own were
a. microeconomists b. macroeconomists c. classical economists d. Keynesian economists e. Marxist economists
Each of the following is a goal of the federal government except
A. fostering competition. B. price stability. C. low unemployment. D. expanding government ownership.