To maintain amonopoly,there must be barriers to entry. Barriers to entry include ______
Fill in the blank(s) with correct word
Answer: ownership
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Which of the following generates a supply of U.S. dollars?
A. The demand for U.S. exports to foreign countries. B. The construction of a plant abroad by a U.S. corporation. C. Chinese buyers of American aircraft. D. Foreign tourists visiting the United States.
Which of the following would be associated with an inflationary gap?
A. Interest rates too low B. Business expectations pessimistic C. Inventory levels too low D. Stock market crash E. Inventory levels are too high
In the model of monopolistic competition, if firms have ________ average cost curves, then opening trade will cause ________ firms to ________ the industry
A) different; less efficient; exit B) different; more efficient; enter C) symmetric; less efficient; exit D) symmetric; more efficient; enter E) symmetric; less efficient; enter
Capital widening refers to an increase in the amount of capital per worker, either human capital per worker, in the form of higher education or skills, or physical capital per worker.
Select whether the statement is true or false. A. True B. False