All of the following are barriers to entry except
A. required scale for innovation.
B. government deregulation.
C. economies of scale.
D. economies of being established.
B. government deregulation.
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Consider the above figure. If the aggregate demand fell from AD1 to AD2, our nation would be experiencing
A) an inflationary gap. B) a recessionary gap. C) overemployment. D) rising prices.
Which of the following is an example of a durable good?
a. Loaf of bread b. A Gallon of Milk c. An Economy Car d. None of the above are examples of durable goods.
Refer to Figure 6-13. Which of the following price floors would be binding in this market?
a. $3
b. $4
C. $5
d. $6
A hedonic wage function could be applied to which of the following job characteristics?
A. the degree to which the area surrounding the job location is safe B. the degree to which a job involves monotonous work C. the probability of being injured on the job D. the degree to which a job involves strenuous work E. All of the above can be represented with a hedonic wage function.