In perfect competition, restrictions on entry into an market
A) apply to both capital and labor.
B) apply to labor but not to capital.
C) apply to capital but not to labor.
D) do not exist.
D
Economics
You might also like to view...
Suppose that there is a balance of trade in both the United States and Canada. Then, the U.S. dollar appreciates against the Canadian dollar. What would the likely outcome be?
(A) A trade deficit in both countries. (B) A trade surplus in the United States. (C) A trade deficit in Canada. (D) A trade surplus in Canada.
Economics
In national income accounting, (S + T) is
A) the portion of total income not consumed. B) net national product. C) the methods of financing the government deficit. D) the final output firms absorb as investment.
Economics