Patents, tariffs, and quotas are all examples of
A) entry barriers that protect consumers.
B) entry barriers that improve a country's standard of living.
C) government-imposed barriers.
D) economic regulations that increase efficiency.
C
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What is the CPI and how is it calculated?
What will be an ideal response?
____ are unexpected temporary events that can either increase or decrease short-run aggregate supply
a. Profit effects b. Volatilities c. Supply shocks d. Misperception effects
If a firm's MRP of capital > MFC, the firm should
a. lower the interest rate b. decrease its quantity demanded of loanable funds c. increase its quantity demanded of loanable funds d. hire more labor e. raise the interest rate
The four-firm concentration ratio cannot have a value above 1.0.
Indicate whether the statement is true or false.